News Flash | Sea and Job

U.S. Ships Act Promises Major Boost for Merchant Shipping and Korean Shipbuilders

On Dec. 19, the U.S. Congress introduced the SHIPS for America Act, which aims to significantly bolster the U.S. merchant shipping industry by increasing the number of U.S.-flagged merchant ships from 80 to 250 within the next decade. The introduction of this bill has...

Indian state refiners may buy Mideast spot oil to replace Russian shortfall

Indian state refiners are considering tapping the Middle East crude market as spot supply from their top supplier Russia have fallen, three refining sources said, in a move that could support prices for high-sulphur oil. The three large state refiners- Indian Oil Corp...

PSC focus on NOx technical files and machinery components

GHG regulations and focus for PSC According to DNV, different PSC areas are currently scrutinizing the NOx Technical Files and the Record Book of Engine Parameters to ensure the records align with the on-board installations. This has resulted in several detainable...

Healthy bunker demand, tighter non-sanctioned supply to boost Asian HSFO market

The Asian high sulfur fuel oil market will likely find some tailwinds in 2025, as a continued rise in scrubber-installed ships bolster healthy bunker consumption amid limited non-sanctioned supplies, but weak utility demand due to cheaper and cleaner alternative fuels...

Iron ore rises on expectations of Chinese pre-holiday restocking

Iron ore futures rose on Monday, aided by expectations of restocking by steelmakers in top consumer China, although high portside inventories and concerns about demand going into next year limited the gains. The most-traded May iron ore contract on China’s Dalian...

Shanghai Port sees annual container throughput exceed 50 million TEUs

Shanghai Port became the first in the world to see the annual container throughput exceed 50 million 20-foot equivalent units (TEUs) on Sunday. The port has ranked first globally for 14 consecutive years in terms of annual container throughput. According to Yang...

U.S. Ships Act Promises Major Boost for Merchant Shipping and Korean Shipbuilders

Indian state refiners may buy Mideast spot oil to replace Russian shortfall

PSC focus on NOx technical files and machinery components

Healthy bunker demand, tighter non-sanctioned supply to boost Asian HSFO market

Iron ore rises on expectations of Chinese pre-holiday restocking

Shanghai Port sees annual container throughput exceed 50 million TEUs

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