The market maintained a broadly positive trajectory throughout the week, with the BCI 5TC building on its opening level and rising from $42,105 to $48,399, as Atlantic strength and a firmer Pacific ...

The product tanker market could be faced with a limited supply of cargoes, if the upcoming refinery maintenance period takes some unexpected turns. In its latest weekly report, shipbroker Gibson said ...

Rates for shipping containers from east Asia and China to the US edged higher this week and remain at the highest since mid-2022 on congestion at global ports. Shipping market intelligence firm ...

A Ukrainian drone attack sparked a fire at a major Russian oil refinery in Kirishi near the Baltic Sea coast, Bloomberg reported on Sunday, extending a record wave of strikes against the country’s ...

The TC1 75kt MEG/Japan index strengthened slightly this week, climbing 3.33 points to WS540 as sentiment improved in the East. A voyage west weakened, with the TC20 90kt MEG/UK-Continent index ...

• Fossil fuel importers paid a gross extra cost of USD 330 bn for seaborne crude oil, oil products and LNG in the six months following the strikes, against what pre-war futures markets had expected ...

The Federal Reserve Chair Kevin Warsh kept a potential September interest rate hike firmly on the table following his address at the Jackson Hole Economic Policy Symposium, prioritizing persistent ...

This week, the VLCC market has softened, and it could do so further. An outside AG East voyage recently went on subs around ...

The South Korean government is developing rules to prepare its ports for green shipping corridors while planning to expand its alternative-fuel fleet. The Ministry of Oceans and Fisheries has proposed ...

As shipping accelerates its transition towards lower and zero greenhouse gas fuels, the industry is entering one of the most significant periods of operational change in its history. Methanol, ethanol ...

True strength is revealed in the storm; backbone is forged through trials. In the first half of this year, China’s economy advanced under pressure and maintained an overall steady trajectory of ...

The Panama Canal announced temporary modifications to its Transit Reservation (Booking) System for Neopanamax vessels aimed at providing customers with greater flexibility, improving the distribution ...