Premiums for Zhoushan- and Shanghai-delivered 0.5%S bunker over FOB Singapore marine fuel 0.5% cargo values both flipped into a discount of $2.19/mt on March 18, hitting an eight-month low as persistently poor demand worsened by prolonged weather disruptions finally erased the thin premiums since...
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First US LNG tanker begins operations, will supply Puerto Rico
US-based shipping company Crowley said that it began operations of the first US LNG tanker capable of delivering supply from the Lower 48 states to Puerto Rico, helping to meet the island’s gas demand for power generation without running afoul of a century-old law that otherwise restricts such...
https://www.hellenicshippingnews.com/first-us-lng-tanker-begins-operations-will-supply-puerto-rico/
Hecla: FuelEU Maritime compliance costs up 12% since December 2024
Hecla Emissions Management, a leading provider of emissions compliance management solutions to the shipping industry, today announced that its Compliance Market Indicator (CMI) has risen to an average of €470 per tonne CO2e in March, highlighting the rising costs of compliance. The Hecla CMI...
Forecasting is ‘a commercial necessity’ to manage FuelEU financial exposure, says OceanScore
Shipping companies must evaluate a range of compliance options under FuelEU Maritime that can have a significant financial impact if not managed properly. Continuous forecasting is essential for an effective compliance strategy in order to manage risk and costs arising from different operational...
Tanker owners praise ‘exceptionally brave crew’
The co-owners of a tanker involved in a collision with a cargo ship in the North Sea have released the first picture of some of the crew and praised their “exceptional bravery”. The Stena Immaculate and cargo ship Solong collided in the North Sea, off East Yorkshire, on 10 March, triggering an...
https://www.hellenicshippingnews.com/tanker-owners-praise-exceptionally-brave-crew/
HSFO softens further as market eyes heavy inflows
Strength in the Asia high sulphur fuel oil (HSFO) market eased further on Wednesday as the market eyed heavy supply. More cargoes from the Middle East are expected to land in Asia this month as an earlier rally in HSFO prices drove more barrels to the region, trade sources said. Singapore’s 380-cst...
https://www.hellenicshippingnews.com/hsfo-softens-further-as-market-eyes-heavy-inflows/
Fearnleys Week 12 2025
After a couple of weeks of missed opportunities for the owning community, despite a relatively balanced supply/demand picture Source: Fearnleys A.S
https://www.hellenicshippingnews.com/fearnleys-week-12-2025/
Tracking China’s economy and commodity needs is getting harder: Maguire
Until 2020, commodities traders and economists needed only a handful of data points to gauge the health and direction of China’s economy, and the volumes of raw materials needed to fuel the world’s largest trading partner and goods producer. But over the past five years, the make-up of China’s...
Sea Robbery Incidents in the Straits of Malacca and Singapore
The ReCAAP ISC alerts the maritime community on the occurrence of incidents of sea robbery onboard barges towed by tug boats while underway in the Straits of Malacca and Singapore (SOMS) during 16-17 March 2025. Three incidents of sea robbery were reported between 16–17 March 2025, onboard barges...
https://www.hellenicshippingnews.com/sea-robbery-incidents-in-the-straits-of-malacca-and-singapore/
Turkey’s Bosphorus traffic suspended after cargo ship’s engine failure
Traffic was suspended in Turkey’s Bosphorus strait on Wednesday after a general cargo ship had an engine failure during northbound transit through the strait that runs through Istanbul, shipping agent Tribeca said. Tribeca said that the Vanatu-flagged ship Bers suffered an engine failure around...