Saturday

07-06-2025 Vol 19

Month: June 2025

Middle East Crude Benchmarks Decline Following Saudi Price Cut for July Asian Buyers

Middle East crude benchmarks, including Oman, Murban, and Dubai, experienced a decline on Thursday. This dip followed Saudi Arabia’s decision…

Investment in Global Energy Projected to Reach $3.3 Trillion by 2025 Amid Economic and Security Challenges

Global energy investment is projected to reach an unprecedented $3.3 trillion in 2025, according to a recent report from the…

Iron Ore Prices Decline Amid Growing Concerns Over Weakening Steel Demand in China, Reuters Reports

Iron ore futures experienced a decline on Thursday, primarily influenced by a renewed focus on dwindling steel consumption during China’s…

Columbia Group Urges Maritime Industry to Prioritize Inclusion Alongside Diversity for a Welcoming Future

Inclusion is a critical element in the maritime industry’s journey towards becoming a genuinely welcoming and inclusive environment, according to…

NAVTOR Collaborates with Chris-Marine to Improve Data Collection and Streamline Reporting Efforts

NAVTOR has announced a strategic partnership with Sweden’s Chris-Marine to enhance data collection and minimize reporting workloads for shipping crews…

US Trade Deficit Decreases Significantly in April as Imports Experience Historic Decline

The U.S. trade deficit saw a significant reduction in April, marked by an unprecedented drop in imports. This decline can…

ECB Reduces Rates by 25 Basis Points Amid Rising Concerns of Inflation Undershooting, Reports Reuters AP News

The European Central Bank (ECB) has made a significant decision to cut interest rates by 25 basis points, lowering the…

EUROFER Calls for Swift Implementation of EU Trade Measures to Protect Europe’s Steel Industry

The European Steel Association, EUROFER, has urgently called for the swift enactment of effective trade measures as detailed in the…

Brazil Customs Workers Intensify Strike with New ‘Zero Clearance’ Policy at Santos Port

Brazil’s customs auditors have declared a five-day “zero clearance period” at the Port of Santos from June 2 to June…

Wah Kwong Maritime Transport Unveils Venture Energy: New Subsidiary Focused on Clean Fuels Trading

Wah Kwong Maritime Transport Limited has officially launched Venture Energy Limited, a new subsidiary dedicated to the procurement and trading…