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Middle East Crude-Benchmarks move little as oil prices steady

Middle East crude benchmark spot premiums of Oman, Dubai and Muban were unchanged on Monday, as oil prices held steady after a sharp drop in the previous week. The market also awaited Saudi Arabia’s April crude oil allocation after the kingdom lowered its official...

Hanseatic Global Terminals acquires majority stake in terminal operator in Le Havre

Hanseatic Global Terminals (HGT) today successfully completed the acquisition of 60% of the shares in CNMP LH from Seafrigo Group. CNMP LH operates the Atlantique container terminal in Le Havre, France, as an independent company for its customers worldwide. The...

U.S. plans sanctions on Chinese steel complicate South Korea’s shipbuilding industry

As the possibility of South Korean shipbuilders winning contracts for U.S. warships and vessel construction arises, shipyards are caught in a dilemma over the use of Chinese steel. The shipbuilding industry has imported a significant amount of cheap Chinese thick...

Singapore launches new technical reference for methanol bunkering

The Maritime and Port Authority of Singapore, along with Enterprise Singapore through the Singapore Standards Council, published a new Technical Reference (TR) 129 on methanol bunkering March 10. This document aims to provide a comprehensive framework for the safe and...

Fortescue calls on IMO to set $100/mt carbon levy on bunker consumption

Fortescue wants the International Maritime Organization to impose a carbon levy of $100/mt on marine energy consumption to make “green ammonia” competitive as a marine fuel, Executive Chairman Andrew Forrest said March 9. Member states of the IMO, a UN agency tasked...

South Korea reassures US crude import tariff near zero after Trump’s fourfold higher claim

South Korea’s tariff rate on US goods is close to zero, trade ministry officials said over March 5-6, reassuring the international physical oil market that WTI Midland cargo flows to Asia’s third-largest crude importer would continue to flourish after US President...

Middle East Crude-Benchmarks move little as oil prices steady

Hanseatic Global Terminals acquires majority stake in terminal operator in Le Havre

U.S. plans sanctions on Chinese steel complicate South Korea’s shipbuilding industry

Singapore launches new technical reference for methanol bunkering

Fortescue calls on IMO to set $100/mt carbon levy on bunker consumption

South Korea reassures US crude import tariff near zero after Trump’s fourfold higher claim

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