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

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

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 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

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

Increased instances of issues with the carriage of scrap metal cargo highlights the need for vigilance at loading. This increase has been noted particularly in scrap cargoes loaded in the ports of East Coast USA and notably in the port of G

OceanScore has brought onboard a group of high-profile investors to fund development of new data-driven tools intended to assist shipping players in navigating regulatory complexity towards compliance. The Hamburg-based technology developer

On August 1, 2023, CSSC Huangpu Wenchong Shipbuildingand China ShipbuildingTrading signed an order for eight 85,000dwt bulk carriers with SEA TRADERS, a subsidiary ofthe GreekShipping Tycoon George J. Procopiou. [Photo: CSTC] [Photo: CSTC]

02 August 2023, 8:00 AM CST (China Standard Time).Container xChange is closely monitoring the severe flooding caused by torrential rains and the remnants of Typhoon Doksuri in China. As the situation unfolds, we are tracking the potential i

NORDEN has acquired a minority stake in MASH Makes , a Danish-Indian biofuel scale-up, which researches, develops and produces renewable fuels from biomass waste. The investment is a strategic partnership, where NORDEN secures access to ren

[Photo/Agencies] COSCO Shipping Bulk Co Ltd, a subsidiary of State-owned China COSCO Shipping Corp, issued the first electronic bill of lading (eBL) for bulk cargo through a collaborative effort with its clients on Monday, using blockchain

Carrier Transicold has launched the BluEdge Partner Program a new global reseller partner channel providing unparalleled distribution of its refrigerated container telematics products and services. Carrier Transicold is part of Carrier Glob