Real momentum is building behind the global shipping industry’s transition towards a zero-emission future. Over the last couple of years, the industry has been undertaking preparatory work to meet the International Maritime Organization’s (IMO) 2023 Revised GHG...
OPEC+ surprises with larger-than-expected supply hike The oil market has had a volatile month due to developments in the Middle East. ICE Brent briefly traded above US$80/bbl following US strikes on Iranian nuclear facilities. The move, which followed Israeli strikes...
India is looking to widen its crude import basket with more non-OPEC crudes, but the diversification strategy is unlikely to impact term contracts with Middle Eastern suppliers, as energy security takes center stage, DLN Sastri, director for oil refining and marketing...
Along the Bohai Sea coast, Tianjin Port stands as a dynamic hub where the value of port-driven development continues to expand. Within the port, towering gantry cranes and docked vessels form a bustling scene. Smart control systems work in tandem with AI-powered...
Singapore retained its ranking as the world’s top maritime center, marking the 12th consecutive year it has led the Xinhua-Baltic International Shipping Centre Development (ISCD) Index. Jointly published by the Baltic Exchange and China’s Xinhua News Agency, the...
U.S. seaport operators are asking for extra time to implement pending tariffs on towering ship-to-shore cranes as they expect President Donald Trump’s administration to follow through on a promise to essentially ban that vital cargo-handling equipment. The United...