The UK-owned Rubymar, attacked by Houthi militants last month, has sunk in the Red Sea, Yemen’s internationally recognised government said on Saturday, warning of a “environmental catastrophe” from the ship’s cargo of fertilizer. If confirmed, it would be the first...

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The Rubymar cargo ship, attacked last month, has sunk in the southern Red Sea, Yemen’s internationally recognised government said in a statement on Saturday. If verified, it would be the first vessel lost since Houthi militants began targeting commercial shipping in...

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Asia’s middle distillates markets weakened further against a backdrop of ample March supply from northeast Asian suppliers, cautious expectations on the east-west arbitrage trade activity and overall steady futures prices. The feasibility of traders sending cargoes...

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NORDEN acquires four Capesize newbuildings to meet strong demands from customers looking to unlock economies of scale by sizing up to improve efficiencies while lowering emissions. With the latest investments, adding to the five owned and seven chartered Capesize...

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India’s daily crude oil imports from its top supplier Russia are expected to rise in February from the previous month, helped by resumption of the light sweet Sokol grade, preliminary ship tracking data showed. However, India’s Russian oil imports are expected to slow...

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Iron ore futures held in a tight range on Thursday as investors reassessed near-term demand prospects in top consumer China amid expectations of steel mills ramping up production despite lingering concerns about the property sector. The most-traded May iron ore...

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