The ship recycling market is still experiencing muted sentiment. In its latest weekly report, a leading cash buyer of ships said that in India, “the market remained relatively strong during most of the week, though it softened toward the end, reflecting some downward...

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Some U.S. consumers are showing increased signs of stress as inflation and higher interest rates are affecting affordability and leading to financial strain on borrowers, credit scoring company Fair Isaac Corporation, widely known as FICO, said. The overall national...

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Iron ore futures prices rebounded, supported by improving steel output in China, while gains in steel benchmarks reflected improving sentiment despite weak housing data. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 0.82%...

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Top global oil trader Vitol and North American fuel distributor Sunoco SUN took delivery of the first U.S. import of gasoline from Nigeria’s new Dangote refinery, according to vessel-tracking data and two sources familiar with the matter. The delivery, on the tanker...

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OptiCARBONTM is a predictive decision platform for cruise and passenger vessel owners, operators and fleet managers, designed to optimize energy use, fuel spend, and regulatory cost exposure, in order to reduce compliance complexity. OptiCARBONTM is designed to...

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Police in Bulgaria have arrested the Russian owner of a ship that brought the explosive material that detonated at Beirut port in August 2020, killing more than 200 people, Bulgarian media reported. Igor Grechushkin, a Russian businessman based in Cyprus, was detained...

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