Global transport fuel exports defined as gasoline, jet/kero and diesel fell by 1mbd y-o-y in March. This decline was driven primarily by lower liftings from the Middle East, where the ongoing conflict and reduced transits through the Straits of Hormuz curtailed flows....

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The seafarers are working on some 2,000 ships including oil and gas tankers, bulk carriers, cargo ships as well as six tourist cruise liners. The ships are trapped in the Persian Gulf and are unable to pass through the narrow strait owing to the ongoing war in the...

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Chiyoda Corporation (“Chiyoda”), Nippon Yusen Kabushiki Kaisha (“NYK Line”), and its affiliate Knutsen NYK Carbon Carriers AS (“KNCC”) are pleased to announce that they have signed a memorandum of understanding (MOU) to collaborate on global projects in the field of...

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Wah Kwong Maritime Transport (“Wah Kwong”) and Bureau Veritas Marine & Offshore (“BV”) celebrated the delivery of the LR2 tanker Frontier Venture yesterday, the first vessel in Wah Kwong’s new series of SMART-enabled ships, representing a significant milestone in...

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Rotterdam’s LNG bunker price has fallen on lower bunker premiums and declining gas benchmarks, while Singapore’s has surged amid sharply higher bunker premiums and tightening global supply. Weekly changes in LNG bunker prices: Rotterdam down by $81/mt to $1,117/mt...

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Iran is pushing the Houthis to prepare for a renewed campaign against Red Sea shipping if the US escalates its military actions against Iran, according to European officials familiar with the matter, Bloomberg News reported Monday. Leaders of the Yemen-based Houthis,...

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