The International Association of Dry Cargo Shipowners (INTERCARGO) has expressed deep concern over the rapidly evolving security situation in the Gulf waters and the Strait of Hormuz, stressing that the safety and wellbeing of seafarers must remain the industry’s...

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LNG bunker prices in Rotterdam and Singapore have surged sharply as Middle East tensions, disruptions to Qatar’s LNG exports and risks to shipments through the Strait of Hormuz fuel a sharp market rally. Weekly changes in LNG bunker prices: Rotterdam up by $371/mt to...

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For those at sea, every decision counts, and in the dynamic world of shipping, timely access to the right information can make all the difference. That’s why Gard and NAVTOR have partnered to launch Gard Insights on NavStation. This is a major step toward making loss...

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V.Group, the global ship manager and marine services provider, has today announced a strategic partnership with shipping company Mitsui O.S.K. Lines, Ltd (MOL) under which V.Ships will assume full technical management of two of MOL’s state-of-the-art newbuild LNG...

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Crude Oil Price Movements In February, the OPEC Reference Basket (ORB) value increased by $5.59/b, month-on-month (m-o-m), to average $67.90/b. The ICE Brent front-month contract increased by $4.64/b, m-o-m, to average $69.37/b, and the NYMEX WTI front-month contract...

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The 32 Member countries of the International Energy Agency unanimously agreed today to make 400 million barrels of oil from their emergency reserves available to the market to address disruptions in oil markets stemming from the war in the Middle East. The decision to...

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