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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...

Asia-US container rates edge higher, remain elevated on congestion at east Asian ports

Rates for shipping containers from east Asia and China to the US edged higher this week and remain at the highest since mid-2022 on congestion at global ports. Shipping market intelligence firm Linerlytica said more than 4.3 million TEU (20-foot equivalent unit) is...

Middle East tanker spree stokes VLCC glut fears as 2028–2029 deliveries loom

As the boom in the very large crude carrier (VLCC) market has continued this year on the back of the Middle East war, some are raising concerns about a supply glut in the tanker market. VLCC newbuilding orders have surged to a record high this year and prices have...

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

Asia-US container rates edge higher, remain elevated on congestion at east Asian ports

Middle East tanker spree stokes VLCC glut fears as 2028–2029 deliveries loom

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