International Shipping News

Freight rates for ESPO Blend crude shipped from the Russian port of Kozmino to China fell to $1.9 million – the lowest level since December 2024 on higher availability of tankers and lower June exports, three traders said on Thursday. Lower rates mean Russian exporters will spend less on freight and earn more for their ...

Onshore fuel oil stockpiles at Singapore rose for a second week as imports remained strong, led by a jump in Nigeria cargo inflows this week, data showed on Thursday. Residual fuel inventories stood at 23.38 million barrels (about 3.68 million metric tons) in the week to July 2, up 3.9% from the previous week, based ...

The U.S. imposed sanctions on Thursday against a network that smuggles Iranian oil disguised as Iraqi oil, and on a Hezbollah-controlled financial institution, the Treasury Department said. A network of companies run by Iraqi-British national Salim Ahmed Said has been buying and shipping billions of dollars worth of Iranian oil disguised as, or blended with, ...

As we head into the second half of the year, supply chains are feeling the impact of peak season demand, shifting trade policies, and ongoing capacity challenges. Many of you are adjusting sourcing, transportation, and storage strategies to stay ahead of disruptions. This month, we’ve pulled together the latest updates from our teams across ocean, ...

The ReCAAP ISC alerts the maritime community on the continued occurrence of incidents of sea robbery onboard ships while underway in the Singapore Strait and warns a possibility of further incidents. Three incidents of sea robbery were reported on ships while transiting the Phillip Channel, in the eastbound lane of the Traffic Separation Scheme (TSS) ...

The Baltic Exchange’s main sea freight index, which monitors rates for vessels moving dry bulk commodities, fell for the seventh straight session on Thursday, weighed down by lower demand for capesize vessels. The main index dropped to its lowest point since June 3, shedding 9 points, or 0.6%, to 1,434 points. The capesize index slipped ...

In our recent report on how bauxite exports from Guinea are driving capesize demand, we explored how surging demand for bauxite from China has led to the aluminium ore overtaking coal as the second-largest capesize-shipped product. This report provides an update and gives a short-term outlook on how the wet season on Africa’s West coast ...