Spot fuel oil premiums were rangebound in Asia on Tuesday, with heavy supply arrivals capping potential recovery. Singapore’s cargo cash premium for very low sulphur fuel oil (VLSFO) traded lower at $6 a metric ton, while front-month refining cracks eased to premiums...

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Specialized ship manager Chemfleet has confirmed that an in-service Berg Propulsion upgrade to control systems onboard the tanker YM Miranda has yielded fuel savings of around 10%. Trials following the installation of Berg MPC800M control system onboard the 12,933 dwt...

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MAN Cryo has announced that its design for an ammonia fuel-supply system to safely provide ammonia to marine-engine applications has been awarded an Approval in Principle from classification societies, DNV and Bureau Veritas. Part of MAN Energy Solutions and a leading...

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Russia plans to keep February oil exports from its western sea ports little changed from January, but winter weather and refinery maintenance may lead to a revision of the schedule, two industry sources familiar with the plans told Reuters. January oil loadings from...

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Iron ore futures were in a tight range on Monday, with the Dalian benchmark ticking up and Singapore prices receding, as investors pondered the demand outlook in the absence of an expected monetary easing in top consumer China. The most-traded May iron ore contract on...

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Saudi Arabia’s crude oil exports in November climbed to their highest level in five months and marked a third straight rise, data from the Joint Organizations Data Initiative (JODI) showed on Monday. Crude exports from the world’s largest oil exporter rose 0.6% to...

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