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Shift in transport fuel flows amid lower exports in the East

Shift in transport fuel flows amid lower exports in the East
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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UN: ‘No precedent’ for seafarers caught in war zone in post-WW2 era

UN: ‘No precedent’ for seafarers caught in war zone in post-WW2 era
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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Memorandum of Understanding to Collaborate on Global Projects in the Field of Carbon Capture and Storage

Memorandum of Understanding to Collaborate on Global Projects in the Field of Carbon Capture and Storage
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 and Bureau Veritas Deliver First SMART “Augmented Ship” in Newbuild Series

Wah Kwong and Bureau Veritas Deliver First SMART “Augmented Ship” in Newbuild Series
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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LNG Bunker Snapshot: Bunker premiums push Singapore prices higher

LNG Bunker Snapshot: Bunker premiums push Singapore prices higher
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 urges Houthis to ready Red Sea shipping attacks amid US tensions

Iran urges Houthis to ready Red Sea shipping attacks amid US tensions
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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