Low Flashpoint VLFSO Persists in Singapore

Maritec Pte Ltd has tested several samples representing VLSFO deliveries in Singapore and Malaysia with flashpoint as low as 56°C for the period of 14th August 2021 to 21th August 2021 from various suppliers, says a...

China Port Congestion, 5.7% of Global Fleet At Anchor

Unwinding of logistics logjam to determine the direction of rates in the coming months.  Port congestion at this scale has not been seen in China since the halcyon days of the 2000s. ALMOST...

Oil Tanker Seized for Oil Heist, Captain Faces Imprisonment

Indonesia's navy said Wednesday it has seized a tanker and its crew who were wanted on charges of stealing nearly 300,000 barrels of crude oil from Cambodia's reserves. The Bahamian-flagged MT Strovolos was...

ReCAAP Reports 8 Incidents of Armed Robberies in 2021

THE ReCAAP Information Sharing Centre has reported a total of eight incidents of armed robbery against ships at Manila Anchorage areas in the Philippines from January to August 2021, reports the Safety4sea. Armed robberies at...

Fed’s COVID Response Met With Backlash From China

  China wants ‘greater autonomy’ of macroeconomic policies, signalling it is keen to add stimulus even if the US Federal Reserve starts tapering bond purchases China’s central bank is worried that unprecedented US stimulus...

Two More Paralympic Athletes Test COVID-19 Positive

Officials await information to confirm if cluster has broken out First positive test for an athlete discovered on Tuesday Two more athletes have tested positive for Covid-19 in the Paralympic village, with officials awaiting...

Maersk Asia Pacific Market Update

Ongoing COVID-19 flare-up continues to present challenges across the Asia Pacific Container demand growth continued to run ahead of supply growth in Q2 2021 Increase in net deliveries along with a sharp reversal...

LNG Spot Prices Stay Dull Amid Seasonal Demand

The spot price of liquefied natural gas (LNG) in Asia is usually at a seasonal low in August in what is historically the shoulder season between summer and winter peak demand, reports Xinde Marine...

Floating Storage of Oil Rebounds To Three-Month Highs

oil in floating storage rebounds to three-month highs oil offshore China grows as Delta variant weighs on demand 152 million barrels of crude and condensate held in tankers The volume of crude oil and...

HHLA To Engage With H2Global Foundation For Green Hydrogen Projects

Hamburger Hafen und Logistik AG (HHLA) will be actively involved in the newly founded H2Global foundation. It will be involved by implementing its hydrogen technology projects. Germany-based port and transport logistics company Hamburger Hafen...