Above the Cap With international oil prices climbing above the $80/bbl mark recently, so have the prices for Russian oil, with many indicators suggesting that levels are now above the price cap. According to Reuters calculations, Urals pric

Concordia Maritime AB (publ) (Concordia Maritime) has entered into an agreement for the sale of the product tankers Stena Premium and Stena Progress. The sale will generate a liquidity supplement of approx. MSEK 100. Stena Progress(65,200 d

On August 3, Xingtong Shippingdisclosed in its 2023 SemiAnnual Report that it plans to build two 25,900 dwt foreign trade chemical tankers and one domestic trade LPG ship, and is negotiating with relevant shipyards cooperation matters. Accor

Copenhagen, Denmark A.P. Moller Maersk (Maersk) reports a second quarter of 2023 ahead of expectations, while the ongoing market normalisation continued through the quarter leading to lower volumes and lower rates. Revenue stood at USD 13.0

On 2 August 2023, The ReCAAP Information Sharing Centre (ISC) held a dialogue with representatives of global and regional shipping associations, as well as shipping companies based in Singapore and Malaysia. During the dialogue, ReCAAP ISC

Introduction The strength of the Chinese economy and sanctions imposed on Russian oil have been key factors in determining demand trends for LPG, Bulker and Crude Tanker markets in 2023. Using VesselsValue AIS derived indicators and Trade d

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close. Source: Sxcoal The opinions expressed herein are the authors and not necessarily those of The Xinde Marine News. Please Contact Us a

SINGAPORE 3 August 2023 Yangzijiang Shipbuilding (Holdings) Ltd., a globally leading shipbuilding group based in China, and a Straits Times Index component company listed on the SGX Main Board, reported its financial results for the six mon

A Chinese vessel successfully carried out the countrys first liquefied natural gas (LNG) refueling for a very large crude carrier (VLCC) at anchorage on Thursday. The Chinese vessel, named Offshore Oil 301 which is Chinas first and the worl

Russian seaborne crude oil export volumes have remained strong and grew 13% y/y in 2022 despite the invasion of Ukraine. However, after a 4% m/m fall in June, volumes fell another 16% m/m in July, and the Russian administration has announce

On July 31, the fifth 2,500TEU container ship SANKT PETERBURG (CHB082) built byZhoushan Changhong International Shipyard for Shangjing Logistics was signed and delivered, 122 days ahead of the contract delivery date, which once again demons

On 01 Aug 2023, Ocean Yield AS announced that it has agreed to purchase four LR1 product tankers, to be constructed at Guangzhou Shipyard International (GSI) in China. The vessels will be built with a design enabling them to be converted to

Accelleron has signed a five-year Turbo UptimeCare agreement with Conrad Energy to deliver turbocharger servicing across the companys more than 60 power generation facilities in the UK. The agreement is expected to dramatically improve turb

Leading maritime systems and services provider Elcome International has acquired a controlling stake in Fabio Fiorucci s.r.l., the Italy-based navigation solutions provider, as part of a wider strategic plan to expand its portfolio across s

[Photo by Duan Junli/Xinhua] HANGZHOU, Aug. 2 (Xinhua) -- East Chinas Zhejiang Province on Wednesday upgraded its emergency response from Level IV to Level III, as Typhoon Khanun, the sixth typhoon of this year, moves closer. Khanun, which