The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping capacity and driven up logistics costs, trade sources and analysts said. Rising prices for Iranian oil as well as Russian crude are raising...
Russia’s seaborne grain exports rose 39.5% year-on-year in November to 4.8 million metric tons, shipping data from industry sources showed on Friday. Russia, the world’s top wheat exporter, has been exporting grain at a near-record pace in recent months, despite low...
Erik Thun Group are proud to announce the delivery of our second groundbreaking vessel, the Lake Vanern Max, named MV Spiken. This innovative new generation of dry cargo vessels are designed to set new standards in the shipping industry with its advanced technologies...
Russia is poised to increase its energy exports, primarily oil and gas, to China in 2025 to sustain the ongoing war, said Wu Dahui, deputy dean of Tsinghua University’s Russian Institute. “It is unlikely that a peace agreement between Russia and Ukraine will be...
The Maritime and Port Authority of Singapore (MPA) has launched an Expression of Interest (EOI) to explore scalable solutions for sea-based liquefied natural gas (LNG) reloading to complement the existing onshore LNG bunkering storage and jetty capacities and the...
Asia’s refining margins for very low sulphur fuel oil (VLSFO) logged weekly declines as of Friday, while spot premiums steadied. Singapore’s VLSFO cracks closed stable day-on-day at premiums near $10 per barrel, but posted declines of more than 10% week-on-week, based...