To everyone in the “K” LINE Group, I would like to wish you and your families a Happy New Year. I hope that you were able to spend an enjoyable year-end and New Year period, and that you are ready to start 2026 feeling refreshed. Looking back on 2025, the business...

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India’s downstream sector is unlikely to witness any major impact following the geopolitical developments in Venezuela, as oil flows from the South American supplier had largely dried up long before the recent crisis, regional industry sources and market analysts told...

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Did you know that many of the stones in Bruges come from faraway places? They were brought along as ballast to keep ships stable at sea. Today, software, ballast tanks, and tables ensure that balance, but the principle remains the same. Floating is not the same as...

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ABB has signed contracts with Rotterdam Shore Power (RSP), a joint venture by the Port of Rotterdam and Eneco, an international energy company headquartered in the Netherlands, to engineer and construct shore power systems comprising multiple installations for the...

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In the budget breakdown of a new ship build, around 5% of project spending goes to engineering; 25–35% goes to direct and indirect labor. The majority of the budget—some 60–70%—owes directly to material costs. The key, then, to controlling project cost isn’t just in...

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The global oil market is likely to be under pressure in 2026 as growing supply and weak demand curb prices, and traders monitor OPEC+ for policy signals and any attempts to bolster the market, a Reuters poll showed on Monday. The survey of 34 economists and analysts...

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