All bunker prices described in the text below have been adjusted for calorific content to make them VLSFO-equivalent. They have estimated EU-EU voyage compliance costs included for Rotterdam, and nonEU-EU compliance costs included for Singapore. These account for EU...

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Cheap heavy crude oil is piling up in North and South America as refiners in Asia and Europe struggle to secure supplies, Reuters reported. Soaring tanker costs are making it harder to ship the oil to buyers, wiping out much of the benefit of buying it at a discount....

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Middle East tensions are placing growing pressure on the global ship recycling industry, with strong freight markets restricting the supply of vessels for recycling while inflation and slowing economic activity weaken demand for recycled steel, according to Wirana...

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Luxembourg has no coastline. But it is increasingly attracting some of the biggest names in Greek shipping. The latest is Metis Ship Management, the Athens-based venture associated with Nicos V. Vardinoyannis, whose 60,447-dwt Ultramax bulk carrier METIS MARU...

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While Brent, the global benchmark for crude oil, is topping $100 a barrel, an unusual glut of heavy crude (high-density oil used to produce diesel, gasoline, and more) is building in North and South America. Competition to secure crude continues in Asia and Europe,...

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