Spot fuel oil premiums continued to ease on Wednesday, though a flurry of bids remained in the spot market but met with limited offers, especially on the high-sulphur front. Singapore cash premium for 380-cst high sulphur fuel oil (HSFO) and very low sulphur fuel oil...

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China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday, as refiners chased discounted Russian supplies to cope with weakened margins. Volumes from Russia –...

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New office will coordinate technical assistance for countries in the region in the areas of maritime safety, security and environmental sustainability. The International Maritime Organization has launched its Regional Presence Office (RPO) for the Middle East and...

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Spot fuel oil premiums retreated slightly on Tuesday, while trade sources said they expect volatility to persist as they awaited Donald Trump’s policies following his return to the White House. The U.S. President said on Monday that his administration would likely...

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On Jan. 6, HD Hyundai Samho delivered an LNG carrier to the shipowner, marking its first export of the year. This event was quickly followed by HD Hyundai Heavy Industries and HD Hyundai Mipo exporting completed container ships on Jan. 7. These developments signal a...

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