Bunker fuel used by container vessels has doubled over the past three weeks, increasing costs across supply chains. There is a low probability that American consumers will be immediately impacted by the ongoing Middle East conflict, according to Gene Seroka, Executive...

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Crude/condensates exports pointed toward Japan, South Korea and Taiwan are down ~50% y-o-y in March (days 1-29), to just 3.1mbd, while crude exports from the Middle East Gulf to these countries are down 70% y-o-y. Crude/condensates in transit to Japan, South Korea,...

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The death of Kalyan-based businessman and cycling enthusiast Shrinivas Tandle, who was allegedly hit by a speeding car driven by a minor on Kalyan Ring Road, has triggered widespread outrage among residents and the local fitness community. Tandle was cycling on...

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US President Donald Trump on Thursday shared fresh updates on the Iran conflict, saying Operation Epic Fury is “nearing completion” and could conclude soon. He also urged countries struggling with fuel shortages to purchase oil from the United States or “take it from...

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With the aim of further strengthening the competitiveness of the NYK Group’s dry bulk business, NYK Bulkship Partners Co., Ltd. (NBSP) was established on April 1. The NYK Group has long been working to enhance its maritime transport and ship-owning operations, using...

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Mitsui O.S.K. Lines, Ltd. announced that it will launch Phase 2 of its group management plan, “BLUE ACTION 2035,” effective April 1, marking the start of a new stage in the plan. In Phase 2, the focus of group management will shift from “Transformation and Expansion”...

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