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China may resume US crude imports on supply crisis after 9-month gap: sources

Chinese state-run refiners may resume US crude imports after a nine-month suspension amid the supply crisis in the Middle East, despite the additional 20% tariffs remaining in place, crude procurement strategists from two state-run refining groups, four refinery...

War Risk Coverage Exit Credit Negative for Exposed U.S. Marine Insurers

Fitch Ratings expects the withdrawal of hull war risk marine insurance coverage in the Persian Gulf to be credit negative for U.S. property casualty insurance specialists that are heavily reliant on Gulf transit, with neutral implications for well-diversified, global...

MarinePALS CEO calls for action to make defibrillators mandatory on all merchant vessels

The message from MarinePALS CEO Captain Pradeep Chawla is clear: “We have waited too long. It is time to make defibrillators mandatory on board,” as he calls on the maritime industry and the International Maritime Organization to mandate automated external...

Enhanced Indian scrutiny raises barriers for sanctioned vessels seeking recycling

India’s decision to introduce additional documentation checks before end-of-life vessels are cleared could prevent the practice of fake documents among the ‘dark fleet’, says leading vessel cash buyer Wirana Shipping Corporation. The recent decision taken by the...

Global Bunker Prices Surge By 30-35%, Tracking Soaring Crude As US-Iran Crisis Persists

Global bunker fuel prices have surged by 30-35% over the past week as the US-Iran conflict and closure of the Strait of Hormuz has sent crude oil prices soaring to multiyear highs, leading container carriers to implement emergency surcharges. Global container shipping...

China may resume US crude imports on supply crisis after 9-month gap: sources

War Risk Coverage Exit Credit Negative for Exposed U.S. Marine Insurers

MarinePALS CEO calls for action to make defibrillators mandatory on all merchant vessels

Enhanced Indian scrutiny raises barriers for sanctioned vessels seeking recycling

Global Bunker Prices Surge By 30-35%, Tracking Soaring Crude As US-Iran Crisis Persists

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