The tanker market rose during August, OPEC said in its latest monthly report. Dirty tanker spot freight rates were stronger in August, led by gains in VLCC rates. Spot freight rates for VLCC rose, m-o-m, across all monitored routes, recovering from the decline seen in...

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The Virgin Islands Shipping and Maritime Authority (VISMA) has appointed Georgios Bazos as its first Business Development Manager. The appointment gives shipowners, financiers, insurers, brokers and their legal advisers a senior point of contact in London, connected...

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World oil demand is forecast to decline by 2.5 mb/d in 2026, 940 kb/d steeper than in last month’s Report, as the continuing impasse in negotiations between the United States and Iran delays the prospect of a normalisation of flows into next year. Losses will be...

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Coal prices rose above $145 a ton, hovering near a three-month high, as the International Energy Agency warned that global consumption is set to reach a record this year. The IEA expects demand to increase 1.2% to 8.94 billion tons in 2026, reversing its earlier...

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Oceanly, a maritime technology company providing vessel performance, data management and fleet optimization solutions and ABB, a global technology leader in electrification and automation, are collaborating to give shipowners and operators a more integrated approach...

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Fujairah’s fuel oil stocks have averaged 43% higher in the first week of September than across August, Fujairah Oil Industry Zone (FOIZ) and S&P Global data shows. Changes in monthly average Fujairah stocks from August to September (so far): • Heavy distillate and...

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