Clean The Middle East Gulf CPP market has seen a mix of movements this week on the different sizes. On the LR2s TC1 continued its upward trend rising 22.59 points to WS226.88 with reports of WS230 on subjects for this run on Friday morning.

Peak Demand in Sight? The current spike in global oil prices and a tight supply situation has put the issue of peak oil demand back into focus. Those who thought the Covid-19 demand destruction of 2020 would permanently dent world oil deman

Voyager Worldwide, the maritime navigation specialist, today introduced Voyager eBook, a new eReader that provides access to Nautical Publications, Flag Circulars, Regulations and Notices via a web browser on any fixed or mobile Operating S

Long-term rates through the roof for trades into New Zealand and Australia, with some contracts up over 400% since 2019 The latest data from Xeneta shows a huge jump in the cost of long-term ocean freight rates into Australasia, with all ma

On July 21, the Maritime Strategies International (MSI) and Xinde Marine News jointly organized MSI Shipping Outlook China 2022 Online Seminar. For nearly 40 years MSI has provided independent, model based, market forecasts and advisory ser

On July 21, Nanjing Tanker Corporation released its 2022 semi-annual performance report. In the first half of the year, the company achieved operating income of 2.55 billion yuan, a year-on-year increase of 35.09%. Net profit was 433 millio

The Singapore fuel contamination incident that hit around 200 vessels in April 2022 could have been avoided if there was an early warning system to detect issues with the source and quality of the fuel. When discovered early enough, any pro

The worlds largest ro-ro passenger vessel has completed its trial voyage in Guangzhou, capital of Guangdong province, earlier this week. And the trial proved that the luxury vessel is qualified for maritime navigation, according to a statem

Singapores very low sulphur fuel oil (VLSFO) market has retreated from an earlier rally amid prospects of higher regional inflows this month. The 0.5% VLSFO cash differential fell day-on-day to a premium of $78.20 per tonne to Singapore quo

The Baltic Exchanges main sea freight index rose on Thursday as an uptick in rates for smaller panamax and supramax vessels offset weakness in the capesize segment. The overall index, which factors in rates for capesize, panamax and suprama

Following a decision by its Board of Directors, ABB today announces its intention to spin off Accelleron (formerly ABB Turbocharging), its market-leading turbocharging division, by way of a dividend in kind of Accelleron Industries Ltds sha

A giant mineral resources group was set up in Xiongan New Area, North Chinas Hebei Province on Tuesday, in a long-awaited move that would give China a bigger say in iron ore pricing. China Mineral Resources Group, with a registered capital

Industry best practices for addressing the challenges posed by an aging global Floating Production Storage and Offloading (FPSO) fleet have been published by ABS in a safety milestone for the sector. Enhancing Safety on FPSOs, Practical Con

On July 18, a small boat capsized off the coast of Morocco in West Africa. GREAT TRIUMPH, a vessel owned by CMES Hong Kong Ming Wah Shipping, responded to the rescue call from LAS PALMAS Maritime Rescue Coordination Center (MRCC) immediatel

RINA issued Certificate ofApprovalin Principle (AiP)toShanghai Moury Marine EquipmentCo., Ltd.forrecognitionofits design and development capabilities in marine energy-savingdevices - pre-shrouded vanes. RINA hold an Approval in Principl