The First Company To Enter $3 Trillion Club
Apple has reached yet another major milestone. The iPhone maker topped a market value of $3 trillion Monday — the first publicly traded company ever to be worth that much, reports CNN.
Apple’s market value
Shares...
Global Bunker Fuel Availability Outlook
Singapore stocks fall on net import drop in Dec
HSFO380 availability improves some in Fujairah
Prompt supply still possible in European hubs
US fuel oil supply pressured by destocking
Fujairah’s heavy distillate and residual...
Inter-basin Spreads Turn Positive Amid Shifting LNG Trade Dynamics
Mild weather forecast in Europe through January
Japanese buying interest piques
Inter-basin spreads returned to positive territory, signaling better economics for delivering LNG to Asia, as European prices came off faster amid mild weather...
CMA CGM Opts Wärtsilä LNG Technology for 12 Boxships
Wärtsilä will supply 60 dual-fuel auxiliary engines and additional systems for a series of 12 boxships being built for in China for CMA CGM.
The series comprises six 13,000 teu vessels under construction...
SM Line Becomes Minority Shareholder in HMM
South Korean liner operator SM Line Corporation has become a minority shareholder in its larger compatriot rival HMM, with a 0.49 per cent stake, reports SeaNews.
Minority stakeholder
SM Line, which withdrew its initial public offering...
Piraeus Bank To Sell Bad Shipping Loans To US Unit
Piraeus Bank, one of Greece’s four largest lenders, has reached a deal to sell a portfolio of non-performing shipping loans to an entity affiliated with Davidson Kempner Capital Management, reports Reuters.
The agreed price will...
China Tightens Lockdown Measures in Ningbo
State media in China is insisting that volumes at the world’s largest port have not dropped, even as lockdown measures across the city of Ningbo increase, reports Splash247.
COVID-19 Outbreak
An outbreak of Covid-19 at a...
COVID Churns Out Two More Strains Despite Global Recovery
The first case of "florona" disease, reportedly a double infection of COVID-19 and influenza, has been recorded in Israel, reports msn.
What is Florona?
Earlier this week, a pregnant woman was infected with Florona, becoming the...
Asian LSFO Margins At A Record High
Asian 0.5pc sulphur marine fuel margins yesterday rose to the highest levels since March 2020.
The margins of front-month Singapore 0.5pc sulphur marine fuel swaps against Dubai crude values.
The Asian 0.5pc sulphur marine...
SCFI Hits Record High For The First Time
The Shanghai Containerized Freight Index breaks through 5,000 points for the first time, reports Port News.
The record break
The Shanghai Containerized Freight Index (SCFI), a bellwether of the box spot markets, broke through the 5,000...