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Jet fuel prices surge past record levels, signalling airfare hikes in India

Jet fuel prices surge past record levels, signalling airfare hikes in India
NEW DELHI: Air travellers in India may soon face significantly higher fares as aviation turbine fuel (ATF) prices have surged to unprecedented levels in April, driven by the ongoing Iran conflict. Oil public sector companies announced steep revisions on Wednesday,...
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Memorandum of Understanding to Collaborate on Global Projects in the Field of Carbon Capture and Storage

Memorandum of Understanding to Collaborate on Global Projects in the Field of Carbon Capture and Storage
Chiyoda Corporation (“Chiyoda”), Nippon Yusen Kabushiki Kaisha (“NYK Line”), and its affiliate Knutsen NYK Carbon Carriers AS (“KNCC”) are pleased to announce that they have signed a memorandum of understanding (MOU) to collaborate on global projects in the field of...
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Wah Kwong and Bureau Veritas Deliver First SMART “Augmented Ship” in Newbuild Series

Wah Kwong Maritime Transport (“Wah Kwong”) and Bureau Veritas Marine & Offshore (“BV”) celebrated the delivery of the LR2 tanker Frontier Venture yesterday, the first vessel in Wah Kwong’s new series of SMART-enabled ships, representing a significant milestone in...
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LNG Bunker Snapshot: Bunker premiums push Singapore prices higher

Rotterdam’s LNG bunker price has fallen on lower bunker premiums and declining gas benchmarks, while Singapore’s has surged amid sharply higher bunker premiums and tightening global supply. Weekly changes in LNG bunker prices: Rotterdam down by $81/mt to $1,117/mt...
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Iran urges Houthis to ready Red Sea shipping attacks amid US tensions

Iran is pushing the Houthis to prepare for a renewed campaign against Red Sea shipping if the US escalates its military actions against Iran, according to European officials familiar with the matter, Bloomberg News reported Monday. Leaders of the Yemen-based Houthis,...
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