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Asia Fuel Oil Premium Shrinks as Freight Favors Western Supplies

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Category: Energía y Combustibles
Published on Monday, 17 March 2014 22:41
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By Winnie ZhuMarch 16, 2014

Fuel oil traders in Asia are paying the lowest premium in six months for the earliest deliveries as sliding freight rates boost supplies from the West.

April swaps for 180-centistoke fuel oil in Singapore, the regional benchmark grade, cost 52 cents a metric ton more than May shipments this month, the least since September, data compiled by Bloomberg show. The front-month contract swung to a discount, or contango, last week for the first time in three months, indicating weakening demand or abundant availability of supply. Prompt cargoes may trade at a 92 cent premium on average in the second half of March, according to the median of five estimates in a Bloomberg News survey of analysts and traders.

Charter rates for

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Spain's weekly LNG throughput down 26.2% as Sagunto falls to zero

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Category: Energía y Combustibles
Published on Monday, 10 March 2014 19:27
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Monday, 10 March 2014 | 20:40

Spanish LNG throughput dropped 26.2% year on year in the week ending March 9 weighed by a drop to zero at the Sagunto terminal, data published Monday by Spanish gas grid operator Enagas showed.
Combined throughput from Spain's six LNG terminals in the week that ended Sunday was 1.99 TWh, down from 2.70 TWh in the same week last year with annualized decreases at five of the six terminals, Enagas data showed.
Throughput at Sagunto, near Valencia was zero throughout the week, compared to 351 GWh a year earlier, with Enagas not supplying a reason nor reporting any maintenance or incidents at the site. Elsewhere, throughput at Spain's largest terminal, Barcelona, fell 12.4% to 729 GWh,

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Suspected pirates steer cargo vessel towards Somalia

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Category: Pirateria
Published on Tuesday, 28 April 2026 04:03
Written by Administrator2
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Hijacking reported as maritime routes already face severe disruptions and diversions due to Strait of Hormuz blockage.

By Al Jazeera Staff, Reuters and The Associated Press

Published On 27 Apr 202627 Apr 2026

Pirates are suspected of having hijacked a cargo vessel off the coast of Somalia,⁠ officials and maritime security groups report.

The reported hijacking on Monday was the second off Somalia in less than a week. The attack was on the Sward, which was carrying cement from Suez, Egypt, to the Kenyan port city of Mombasa and was flying the flag of St Kitts and Nevis.

The attacks come as maritime routes already face severe disruptions due to the blockage of the Strait of Hormuz during the United States-Israeli war on Iran.

United Kingdom Maritime Trade

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Possible Piracy Incident with Product Tanker off Somalia Being Investigated

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Category: Pirateria
Published on Thursday, 23 April 2026 07:24
Written by Administrator2
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euNAVFOR Atalanta confirmed it is investigating reports of a possible piracy boarding of a product tanker (Atalanta)

Published Apr 21, 2026 2:34 PM by The Maritime Executive

 
The EU’s security operation EUNVAFOR Atalanta confirmed that it is investigating a possible armed boarding linked to local piracy off Somalia. It comes shortly after another Iranian dhow was held for several days, and the authorities have warned of a moderate risk of activity in the region.

Few details have been released, and Atalanta has not yet posted an official notice or dismissed the reports. Atalanta told The Maritime Executive that “An incident off Somalia is currently under investigation …. Any incident that is ultimately deemed relevant and confirmed will be published on the Atalanta Maritime Security

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