EU in ‘Lead’ for LNG Amid Record High Prices

The supply of liquefied natural gas (LNG) globally is increasing as exporters respond to strong demand and record high prices, but it appears that Europe is grabbing a bigger share of the extra cargoes...

Asia Residual Fuels: Key Market Indicators for Oct 18-22

Asian marine fuel 0.5%S markets kicked off the Oct. 18-22 trading week on a firm note as Asian refiners are shifting to produce more middle distillates due to higher crack spreads, while Asian high...

Commodity Tracker: 5 Charts To Watch This Week

This week's selection of trends in energy and raw materials kicks off with global container shipping prices amid disrupted supply chains. S&P Global Platts editors and analysts also look at the relationship between energy...

Panama Bunker Sales Gain 3.4% on Year This September

Bunker demand in Panama climbed on a yearly basis in September, but remained little changed from August's level, reports Ship & Bunker. Global bunker sales falter Total sales reached to 388,027 mt last month, according to...

MOL Signs MoU To Order Ammonia-fueled Engine for Ships

Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a memorandum of understanding (MoU) with compatriot engineering company Mitsui E&S Machinery and German engine manufacturer MAN Energy Solutions to target a purchase contract for...

Berenberg Launches 2 New Multi-investor Shipping Funds

Germany’s oldest private bank has expanded its portfolio with two new closed-end multi-investor shipping funds. The funds are aimed at institutional investors and are launched in collaboration with Universal-Investment-Luxembourg as an alternative investment...

Sovcomflot Presents ‘Green Funnel’ Technology To IMO

Managing Director of Sovcomflot (UK) informed Secretary-General about the work SCF conducts in the sphere of emission reduction in line with IMO's ambition to decarbonize the maritime transport and achieve zero emissions by 2050,...

SHI Inks Order Worth $1.7b

Samsung Heavy Industries Co. said that it has signed a $1.7 billion order to provide design, parts, and blocks for seven shuttle tankers, says an article published in Kore Herald. About the deal Under the deal...

Ningbo Containerised Freight Index

Weekly composite index covering 20ft, 40ft, and Hi-Cube box rates says an article published in Baltic Exchange. Baltic Exchange publishes the weekly Ningbo Containerised Freight Index, compiled by the Ningbo Shipping Exchange. Route 2021-10-15 2021-10-8 Weekly change (%) Ningbo -...

Fire On-Board Anchored Cargo Ship

General cargo ship caught fire on the cargo deck in the afternoon Oct 17 at Sundai Pakning anchorage, Pakning river, Riau, Indonesia, Malacca Strait, reports Maritime Bulletin. What happened? According to reports, the fire was caused...