- + Baltimore bridge collapse to primarily impact flow of coal, cobalt—The collapse of Baltimore's Francis Scott Key Bridge, after being struck by a container ship early March 26, disrupted traffic through the Maryland po...
- + FUJAIRAH DATA: Oil product stocks dip ahead of exports surge—Stockpiles of oil products at the UAE's Port of Fujairah fell 1.3% in the week ended March 25 from an eight-month high a week earlier with exports sho...
- + Singapore-flagged ship that struck Baltimore bridge passed previous inspections: MPA—The Singapore-flagged box ship Dali -- certified by classification society ClassNK -- passed two separate port inspections in 2023 and holds valid cer...
- + OIL FUTURES: Crude lower on China stimulus uncertainty; OPEC decision awaited—Crude oil futures were lower in midafternoon Asian trade March 27, despite China's industrial firms posting higher profits, as lingering uncertainty o...
- + US Treasury issues new batch of sanctions on tankers linked to Iranian oil trade—The US Department of Treasury March 26 sanctioned additional actors and tankers that have helped ship Iranian commodities to fund the activities of Ir...
- + Houthis could partner with Iran, Somali pirates on Indian Ocean attacks—Yemen-based Houthi militants could keep the promise to extend their attacks to merchant ships in the Indian Ocean, potentially with drones and assiste...
- + NWE LPG buyers seek alternatives after jetty damage at Le Havre—Disruption at the northern French port of Le Havre that brought LPG imports to a halt has forced players to look to alternative Northwest European mar...
- + Iran's crude production upside faces risk of further Western sanctions—Shackled by Western sanctions, Iran's oil sector has been largely stuck in neutral, restricted from much-needed foreign investment to reinvigorate its...
- + Baltimore bridge collapse seen impacting US East Coast metals, city's port—The collapse of Baltimore's Francis Scott Key Bridge, after being struck by a container ship early March 26, is potentially disruptive to container sh...
- + Baltimore's Francis Scott Key Bridge collapses; no major impact on East Coast ports—Singapore flagged container ship Dali collided with a portion of the Francis Scott Key Bridge in Baltimore, Maryland, on March 26, with the incident u...
- + Infographic: Oil trade adjusts to Red Sea turmoil despite latest attacks—Red Sea shipping volumes have slumped more than 60% since November as vessels opt for the longer Cape route to avoid Houthi attacks. But even as the s...
- + Houthis threaten Saudi Arabia's oil installations for 'supporting US aggression'—Yemen's Houthi rebels have threatened to target Saudi Arabia's oil installations should the country allow a US-led coalition to use its airspace to co...
- + ATLANTIC LNG: Key market indicators March 25-29—While the LNG market has remained structurally weak globally, lower flat prices have been incentivizing some spot buying interest. Platts, part of S&a...
- + South32's mine suspension fails to boost manganese prices: sources—The world's largest manganese miner South32 suspending its mine failed to lift market sentiment in China as output cuts by Chinese alloy producers con...
- + Improving arbitrage to Asia sparks higher Med LNG prices—Improving arbitrage opportunities to Asia have pushed up LNG prices in the Mediterranean with buyers in the East of the region looking to attract addi...
- + 'Green' marine fuels could cost less than oil bunkers from 2035: Wartsila—Sustainable marine fuels could become cheaper than conventional, oil-based bunkers from 2035 when greenhouse gas emissions regulations like carbon pri...
- + Red Sea shipping crisis disrupting aluminum scrap trades in Asia, UK: BIR—The Red Sea shipping crisis is disrupting aluminum scrap trades in India, Pakistan, Southeast Asia, the Middle East and the UK, according to Internati...
- + East China bunkering premiums nose-dive to multiyear lows; LSFO demand overshadowed—Moderate demand of low sulfur fuel oil, which fell short of market expectations, coupled with ample supply of upstream cargoes at the bunkering hubs o...
- + CERAWEEK FACTBOX: Energy leaders talk commodity, infrastructure growth—... [Category: Shipping]
- + FUJAIRAH DATA: Oil product stocks jump to 8-month high amid Ramadan—Stockpiles of oil products at the UAE's Port of Fujairah jumped 10% to an eight-month high in the week ended March 18, with regional demand for some p...
- + CERAWEEK: Some industry members are not deterred by hydrogen's 'green premium'—Federal government and private sector stakeholders must move quickly to design a process to ramp up demand for hydrogen before the fiscal year ends Se...
- + Strong trading interest pushes Europe, Med LNG to highs versus TTF gas price—LNG price discounts across Northwest Europe and the Mediterranean narrowed to reach multi-month highs against the Dutch TTF pipeline natural gas price...
- + Singapore's LSFO downstream premiums capped, competition to intensify in March—Lackluster downstream low sulfur fuel oil demand in Singapore -- the world's largest bunkering hub -- has persistently pressured delivered premiums am...
- + CERAWEEK: Carbon capture costs outweigh incentives, fail to attract hard-to-abate industries—Operators are committed to reaching net zero goals outlined in the Inflation Reduction Act by tackling carbon emissions through large scale storage pr...
- + CERAWEEK: Saudi Aramco CEO says oil phaseout is a 'fantasy' in transition rebuttal—Saudi Aramco CEO Amin Hassan Nasser said March 18 he saw higher oil demand above 104 million b/d in 2025 and described the phaseout of fossil fuels as...
- + 'Massive' financial support, uniform standards critical for shipping to meet net-zero goals—Half a decade into the energy transition, accelerating the shipping sector's shift toward alternative fuels and achieving net-zero emission goals stil...
- + INTERVIEW: 85% of ship engines ordered in 2030 likely to be dual-fueled: MAN Singapore—MAN Energy Solutions expects the order book for dual-fuel engines to ratchet, with around 85% of all ship engines ordered in 2030 to be dual-powered, ...
- + Palm oil prices at 10-month high as tight supplies coincide with Red Sea delays—Physical palm oil prices in Indonesia rose to a 10-month high on March 15 at $986/mt as a seasonally low production season in Southeast Asia coincided...
- + US LNG cargoes continue to set sail around Cape of Good Hope in March—Although drought-related restrictions have improved slightly at the Panama Canal since the start of the year, the proportion of US LNG exports being s...
- + IEA raises 2024 oil demand growth estimate on US outlook, bunkering surge—The International Energy Agency on March 14 raised its estimate of 2024 oil demand growth by 110,000 b/d to 1.3 million b/d on an improved economic ou...
- + China UCOME prices reach five-month high amid rising feedstock costs, demand—Chinese used cooking oil methyl ester prices reached a five-month high March 14 due to rising feedstock used cooking oil costs while demand has streng...
- + China's wheat import could decline in 2024 amid shipment cancellations, delays—China's wheat imports could decline in 2024 as shipment cancellations and delays from multiple origins have raised concerns of weakening demand. Trade...
- + Infographic: Why Asian refiners quietly praise India's, China's Russian crude imports—India's unwavering appetite for Russian crude has provided ample bandwidth to Middle Eastern sour crude suppliers to cater to the needs of South Korea...
- + FUJAIRAH DATA: Oil product stocks fall to three-week low as exports to China pick up—Stockpiles of oil products at the UAE's Port of Fujairah fell 3.2% to a three-week low in the week ended March 11, as exports of clean products and fu...
- + ATLANTIC LNG: Key market indicators March 11-15—The overall tone of the Atlantic LNG market remains bearish ahead of the injection season, though some opportunistic buying has also surfaced, sparked...
- + Russian oil depot on fire in Kursk region after drone attack—An oil depot in Russia's Kursk region caught fire March 10 after a Ukrainian drone fell on the site, local authorities said. Roman Starovoyt, the Kurs...
- + Asian oil demand growth in focus as OPEC+ move carves out supply roadmap—Asian crude buyers are unlikely to face a supply squeeze following extended production cuts by OPEC+ and Russia's move to slash output by an extra rou...
- + Australia wheat prices sink to 2-year low amid Black Sea supply glut, weak demand—Australia Premium White wheat prices plunged to a two-year low of $260/mt FOB Kwinana due to strong competition from Europe and slow demand. Since the...
- + OPEC+ Feb crude output flat, as group struggles to implement cuts: Platts survey—Crude production by OPEC and its allies was flat in February, the latest Platts survey by S&P Global Commodity Insights found, but compliance issu...
- + Interactive: Seaborne trade in Russian oil under G7 price cap—Russia, one of the world’s largest oil suppliers, has increasingly turned to non-Western firms to transport its crude to overseas buyers during its on...
- + China to continue shipping steel via Red Sea despite attack on vessel: traders—Chinese suppliers will continue to ship steel through the Red Sea Route even though a vessel carrying Chinese steel products to Saudi Arabia came unde...
- + Greek operators regain share in Russian crude exports despite tighter sanctions—G7-linked tankers were carrying a higher proportion of Russian crude exports in February on the month, with the return of Greek operators amid strong ...
- + OPEC+ extends oil cuts to June as it waits for demand to rise—OPEC and its allies announced an extension to their deep production cuts early March, but with their tightened quotas now set to run into the start of...
- + Ship with Chinese steel hit by missiles in Houthis' first fatal attack; two sailors killed—A Barbados-flagged Saudi-bound dry bulk carrier with Chinese steel products was hit by missiles in the Gulf of Aden and suffered damage March 6 in wha...
- + Med LNG outright prices hit monthly high to US Henry Hub gas price—LNG prices in the Mediterranean have climbed to a monthly high, pushing their differential to US Henry Hub gas prices to the highest levels since the ...
- + FUJAIRAH DATA: Oil product stockpiles little changed on week—Stockpiles of oil products at the UAE's Port of Fujairah climbed 0.4% in the week ended March 4, as declines in middle and heavy distillates offset ga...
- + Mobile refueling options could boost hydrogen demand: Plug Power—New mobile hydrogen refueling stations from Plug Power aim to fill a gap caused by a wave of closing refueling stations from various companies in rece...
- + US, Canada, Australia to be key growth suppliers for Japan's LPG imports: JLPGA chief—US, Canada and Australia are expected to be key growth suppliers for Japan's LPG imports in 2024, Kazuhiko Ezawa, chairman of the Japan LP Gas Associa...
- + Rubymar sinking highlights shipping risks, supports tanker and insurance rates—Heightened maritime risks in Middle Eastern waters underscored by the sinking of general cargo ship Rubymar could offer support to tanker rates and in...
- + US steel industry sees boost from CHIPS Act, infrastructure bills—A US law aimed at boosting computer chip manufacturers is providing a lift to steelmakers supplying the construction industry, executives said on earn...
- + INTERVIEW: Wartsila aims to sell CCS with quick paybacks for IMO 2040 target—Wartsila aims to start selling a marine carbon capture and storage system with quick paybacks next year, according to a company manager, suggesting th...
- + ATLANTIC LNG: Key market indicators for March 4-8—While prices saw some support last week, the overall outlook for the Atlantic LNG remained weak for March and April until the injection season reignit...
- + Freight rates on notice after Rubymar sinks, first ship casualty of Red Sea crisis—The sinking of the UK-owned bulk carrier Rubymar after a Houthi missile strike off the coast of Yemen threatens to cause an environmental crisis in th...
- + ACME, Yara sign binding deal for 100,000 mt/year renewable ammonia supply from Oman—Renewable energy company ACME Cleantech and fertilizer and chemicals company Yara have signed a binding agreement for supply of 100,000 mt/year renewa...
- + Tanker market remains bullish in light of 'regional imbalances': International Seaways—International Seaways expects that tanker freight will remain elevated in the short and long term going forward, stimulated by increased ton-mile dema...
- + Force majeure declared on South Sudan's Dar Blend crude loadings: sources—A major South Sudanese producing consortium has declared force majeure on loadings of the country's key Dar Blend crude after a rupture on the export ...
- + Singapore's LSFO arbitrage inflows from West to drop further in March on Red Sea woes—Singapore's low sulfur fuel oil arrivals from the West are expected to witness a sizeable drop for a second straight month in March, as arbitrage econ...
- + Shipping firms in wait-and-see mode as newbies in EU carbon trade—Shipping companies have shown little appetite in accumulating EU emission allowances despite their prices near multi-year lows, adopting a risk-averse...
- + Asia-Pacific blue ammonia prices extend discount to Europe, US—Blue ammonia prices extended their losses in January, with Far East Asia slipping to a larger discount to other global pricing centers, S&P Global...
- + FUJAIRAH DATA: Oil product stocks rebound from four-month low—Stockpiles of oil products at the UAE's Port of Fujairah climbed 13% in the week ended Feb. 26, rebounding from a four-month low a week earlier amid s...
- + US sanctions oil tankers, targeting Iranian funding for Russian, Houthi arms—The US Department of Treasury Feb. 27 outlined a set of new sanctions targeting Iran's support of Russia and the Houthi rebels, including new sanction...
- + Infographic: Sanctions on Russian commodities tracker—Russia’s invasion of Ukraine triggered an unprecedented wave of sanctions against Moscow which are still rippling through global commodity markets. We...
As of 3/28/24 6:56am. Last new 3/28/24 1:36am. Score: 365
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