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Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

Last week saw a 325 point weekly drop in the SSY Atlantic Capesize Index to the lowest level since July 2017 at 4,723 points. The Atlantic round-voyage rate (180k dwt) fell by $2,000/day to $4,500/day,

West Australian iron ore chartering has been significantly disrupted by Cyclone Veronica, with a number of major ports closed. The Dampier-Qingdao iron ore spot rate fell by $1.30/t week-on-week to $4.90/t.

AAL Kobe – Nantong, China to Guanta, Venezuela

Hunterston Port and Resource Centre – Hunterston PARC – is a 400-acre site owned and operated by Peel Ports Group.

In October 2018 Ports of Auckland received three 82.3m tall, 2,100T ship-to-shore container cranes for the northern end

Port facilities at Port Hedland and Dampier remain on high alert, with Cyclone Veronica

Most iron ore port stock transactions were flat over last Friday. Physical and

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

Video from the installation of the processing module at the Johan Sverdrup field in the North Sea, March 2019.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) rose slightly on Mar.21: 380 HSFO – USD/MT – 421.93(+2.43) 180 HSFO – USD/MT – 470.14(+2.64) MGO – USD/MT – 638.93(+1.00) Meantime, world oil indexes traded fell on Mar.21, but still held near 2019 highs. Brent for May settlement fell by $0.64 to $67.86 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for May delivery slid by $0.25 to $59.98 a barrel on ...

China’s state-owned bunker fuel supplier Chimbusco plans to start offering low sulfur fuel oil at the Qinghuangdao and Jingtang ports from April, after Beijing imposed a 0.5% sulfur limit from January 1 for vessels sailing within 12 nautical miles from its coastline, a company source said this week. This also comes ahead of the International Maritime Organization’s global sulfur content cap in marine fuels at 0.5% from January 1, 2020, down from 3.5% currently. Chimbusco had already started supplying LSFO bunker fuel at the Shanghai Yangshan port last year, and ...

The United States has targeted two Chinese shipping companies over the alleged evasion of sanctions imposed on North Korea, the first such steps since US President Donald Trump and North Korean leader Kim Jong-un’s summit collapsed last month. The Treasury Department said on Thursday the firms — Dalian Haibo International Freight Co Ltd and Liaoning Danxing International Forwarding Co Ltd — will be banned from the American financial system and can no longer access any US-based assets. It said Individuals and firms that do business with the companies could also ...

South Korean refiners are set to compete fiercely for the domestic middle distillates and low sulfur fuel oil market share when the International Maritime Organization implements new global sulfur limit rule for marine fuels next year, with SK Innovation well positioned to expand its lead thanks to its new desulfurization unit and dominant supply network. South Korea’s four major refiners — SK Innovation, GS Caltex, Hyundai Oilbank and S-Oil — have been dominating the domestic middle distillates market with the four suppliers fulfilling more than 98% of the country’s gasoil ...

Don’t you wish you could reduce your paperwork? Maersk is pleased to introduce Simplified Freight Invoices making your freight invoicing process easier and more transparent. Are you curious what to expect and how to work with the new process? – Keep on reading! To make sure that the new invoicing process matches your local needs, every country has its own release date, so please make so to scroll down and take a look at your personal market’s timings. How does it work today? If there is a change to the ...