News Flash | Sea and Job

India’s merchant fleet to get 100 ships, but ageing fleet remains a hurdle

India plans to add 100 vessels to its merchant fleet over the next five years. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal said the government is seeking to increase Indian tonnage through measures including reflagging of foreign-owned vessels...

China’s massive oil reserves give Beijing leverage during Iran war

China’s vast oil stockpiles have allowed Beijing to slash crude imports during the Iran war, helping contain global oil prices and reducing its vulnerability to supply disruptions, The Wall Street Journal reported. China’s crude reserves are estimated at between 1...

US strikes deal to control 65 billion barrels of Venezuela’s oil reserves, Trump says

Trump has long been candid about his desire for the US to secure Venezuelan oil and has urged oil companies to invest in the South American nation. The US and Venezuela have agreed terms on a huge oil deal that could see Washington take control of more than 65 billion...

Chinese Industry Close-up: What fuels China’s shipbuilding boom as order bookings stretch well into 2030?

The outline of the 15th Five-Year Plan (2026-30) calls for building a modern industrial system, consolidating the foundation of the real economy, and accelerating high-level technological self-reliance and self-strength to lead the development of new quality...

South Korea Sets Rules For Green Shipping Fuel Transition

The South Korean government is developing rules to prepare its ports for green shipping corridors while planning to expand its alternative-fuel fleet. The Ministry of Oceans and Fisheries has proposed legislation setting out detailed rules for the country’s Special...

Biofuel Bunker Snapshot: Costly feedstock supports Rotterdam bio-bunker prices

Rotterdam’s B30-VLSFO (POMEME) price has increased $27/mt over the past week, despite a $21/mt decrease in the Dutch port’s conventional VLSFO price. Prima Markets has assessed ARA POMEME and UCOME barge prices increasing $55/mt over the last week to $1,880/mt and...

India’s merchant fleet to get 100 ships, but ageing fleet remains a hurdle

China’s massive oil reserves give Beijing leverage during Iran war

US strikes deal to control 65 billion barrels of Venezuela’s oil reserves, Trump says

Chinese Industry Close-up: What fuels China’s shipbuilding boom as order bookings stretch well into 2030?

South Korea Sets Rules For Green Shipping Fuel Transition

Biofuel Bunker Snapshot: Costly feedstock supports Rotterdam bio-bunker prices

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