Vitol purchased Cepsa's naphtha cargo on the LR1 Hafnia Nile, transferred it to Johor, Malaysia, delivered it via Hafnia Guangzhou after a collision, and delivered it to LG Chem's Yeosu terminal, concluding a two-month saga.

SEB downgrades Frontline to Sell with a TP of 200 NOK: "Tanker-investors are facing a reality check. China-growth is weak and EV-sales are increasing faster than anticipated. Weaker refinery margins don't support expectations for the winter." $FRO

Is Arkenu a quasi-NOC controlled by Haftar?

Panama has begun building a tunnel passing underneath the Panama Canal to augment the Panama metro system.

The US Embassy in Beirut instructs all Americans to leave immediately x.com/usembassybeiru…

Today in Israel: - A state of Emergency declared in large parts of the north - Hospitals cancelled elective surgeries and opened emergency trauma centers in underground parking garages - Massive air strikes across Lebanon - US embassy in Beirut urges Americans to depart Lebanon

China plans to raise fuel oil import costs by reducing tax rebates for refiners starting in October, increasing costs by 400 yuan ($57) per ton. This pressures independent refiners, forcing reduced production. - Reuters

VLGC spot rates continue to decline, with market averages dropping to $20,000/day from $25,000/day in just 24 hours, and $33,000/day a week earlier. Clarksons reported a sharper 45% weekly fall to $18,000/day on the Houston-China route, now at a seven-month low. $LPG $BWLPG

MPCC acquires four vessels for a total of $180 million $MPCC.OL

"It's premature to downgrade the crude tankers. Any drop is a buying opportunity. Our positive view on tankers and dry bulk is unchanged. Given ton miles development and orderbook, the current pessimism is not justified. A Buy with TP 350 NOK " Clarksons $FRO

Belship completed the sale of two debt-free supramax vessels for $56.6M, leading to an extraordinary dividend of NOK 1.00 per share ($24.1M), raising total dividends to $275M (NOK 10.85/share). $BELCO.OL

Great talk with Avance and Flex CEO Oystein Kalleklev today. First impressions are that markets are robust and growing and that new Panama-related disruptions are likely. $AGAS.OL $FLNG

Shipping firms will likely keep rerouting ships via Cape of Good Hope, avoiding the Red Sea into 2025 due to security concerns, says Ocean Network Express CEO Jeremy Nixon.

Wallenius Wilhelmsen is set to increase the size of four of twelve Shaper Class vessels ordered from Jinling Shipyard from 9,300 to about 11,700 CEUs, making them the largest PCTCs ever! $WAWI.OL

MPCC continues fleet renewal and secures $110 million in EBITDA from new charters. $MPCC.OL

Live on Marhelm - new interview with the Dividend King Oystein Kalleklev of Avance Gas $AGAS.OL

Orsted VP Rune Bundgaard-Jorgensen warns of an upcoming LNG glut and ongoing energy market volatility, adding to the "decade of turmoil" amid geopolitical tensions in the Middle East and Far East.

Atlantic MR tanker spot rates dropped to under $18,000 daily, the lowest in 2024, driven by seasonal factors. Rates fell 30% from last week's $25,500 per day peak. $STNG

We will be catching up on key shipping-names with Fearnley analyst Fredrik Dybwad. $ZIM $INSW $TEN

"We should be seeing higher LPG-rates". Our talk with Avance renewed our interest in the LPG-market. Peak-EPS seems less a foregone conclusion than previously assumed. $AGAS.OL $BWLPG.OL $LPG