Iron ore futures headed for a weekly loss, with concerns surrounding the demand outlook due to U.S.-China trade tensions coinciding with prospects of rising ore supply for the remainder of the year. The most-traded January iron ore contract on China’s Dalian Commodity...

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Two Indian refiners have bought 4 million barrels of Guyanese crude oil from U.S. major Exxon Mobil XOM to be delivered at the end of 2025 or in early 2026, in rare imports from the South American producer, trade sources said on Friday. Indian Oil Corp IOC, the...

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Erik Thun Group has launched Thun Renew, the third out of eight vessels in its innovative R-Class series, at Ferus Smit Shipyard in Leer, Germany. Continuing the legacy of Thun Resource and Thun Reliance, the R-Class stands for “Resource Efficiency”-vessels designed...

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Kongsberg Maritime proudly marks a decade since the launch of its pioneering rim-drive permanent magnet thruster technology, celebrating both its 10th anniversary and almost 100 orders for this groundbreaking propulsion solution. Following extensive trials of the...

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Spot differentials for fuel oil markets were little changed on Friday in Asia as pre-Diwali holiday trade was thin, while some trade sources said supply outlook was slightly towards the year-end for high sulphur fuel oil (HSFO). The markets have been largely weighed...

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The International Chamber of Shipping (ICS) comments following the conclusion of the International Maritime Organization’s (IMO) Extraordinary Session of Marine Environment Protection Committee (MEPC) meeting held in London to discuss the Net-Zero Framework for the...

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