Shipping
UK Manufacturing PMI Climbs to 52.8 in October as Output Growth Accelerates
Preliminary S&P Global survey shows UK factory conditions improving at their fastest rate since May, driven by multi-year highs in industrial production.
Fuel Oil Shipping
Movement of fuel oil by sea: dirty and clean tanker freight, barge and bunker delivery operations, port congestion, and the shipowners and operators lifting the barrels.
- Tanker freight rates
- Barge and bunker ops
- Port and terminal calls
- Vessel demand
More fuel oil shipping coverage
Section index →Subsea 7 Secures Expanded Scope for Black Sea FPU Installation
The offshore engineering and services firm will undertake additional work related to the second floating production unit in the Sakarya gas development.
Qatar Energy Minister Addresses Strait of Hormuz Operational Outlook
Qatar's Energy Minister has provided an assessment regarding the future operational status of the Strait of Hormuz, diverging from recent statements concerning the vital shipping lane.
Baltic Dry Index Records Second Consecutive Session of Gains
The dry bulk freight benchmark saw an increase, driven by performance across major vessel segments. The capesize index showed notable upward movement.
Master Boat Builders Awarded Prime Contract for U.S. Navy Landing Craft Construction
The Alabama-based shipyard will construct three Landing Craft Utility vessels, marking its initial prime contract with the U.S. Navy.
Maritime Industry Grapples with Vessel Data Ownership and Access Challenges
The increasingly digitalized shipping sector faces complexities regarding the ownership, access, and utilization of data generated by vessels, impacting various stakeholders.
Geopolitical Factors Influence VLCC Freight Dynamics Amid Softening Fundamentals
The Very Large Crude Carrier (VLCC) market has experienced a divergence in freight rates, particularly in the Middle East Gulf, despite observed softening in underlying demand fundamentals.
Iran Details Plans for Exclusion Zone Near Strait of Hormuz
Tehran's Supreme National Security Council announced intentions to establish a new exclusion zone in proximity to the Strait of Hormuz, targeting specific maritime transits.
Aged Tonnage Sees Significant Value Increases Amidst Market Shift
Older vessels across various segments are experiencing substantial valuation appreciation, with five-year-old tonnage trading above newbuilding prices and a pronounced upward trend observed across the entire age curve.
Baltic Dry Index Experiences Pullback Following Multi-Day Gain
The dry bulk freight market index registered a decline, ending a recent upward trend, though remaining near its highest valuation in nearly three years.
Panama Canal Welcomes New Administrator Amid Water Management and Capacity Focus
The Panama Canal has inaugurated its new administrator, who is set to oversee critical water management initiatives and ongoing capacity enhancement projects for the waterway.
Capesize Sector Exhibits Renewed Strength in Dry Bulk Market
The Capesize dry bulk sector demonstrated significant recovery, with strengthened sentiment observed across key trading basins.
Asian Port Congestion Drives Container Rate Increases, USG Tanker Rates Ease
Container shipping rates from East Asia and China to the United States saw upward movement this week, while tanker rates originating from the US Gulf experienced softening. These market shifts coincide with intensifying port congestion in Asia, contributing to a decline in global schedule reliability.
Venezuelan Oil Production Agreement Signals Potential Shift in Tanker Trade Routes
A recent agreement regarding Venezuelan oil reserves could lead to increased crude oil exports from the Western Hemisphere to Asia, potentially reshaping global tanker demand.