Wednesday

02-07-2025 Vol 19

Month: July 2025

ABB to Provide Integrated Power Solution for Nine Shuttle Tankers

ABB and Samsung Heavy Industries Co., Ltd. (SHI) have partnered to enhance offshore operations by supplying a fleet of shuttle…

Approval in Principle Granted for World’s First LCO2 and Methanol Carrier

Mitsui O.S.K. Lines, Ltd. and Mitsubishi Shipbuilding Co., Ltd., a subsidiary of Mitsubishi Heavy Industries (MHI) Group, have recently achieved…

Middle East Crude Benchmarks Rise Amid Supply Tensions, Reflecting Monthly Gains

Middle East crude benchmarks, including Oman, Dubai, and Murban, experienced notable increases on Monday, reflecting monthly gains attributed to rising…

U.S. Refining Capacity Remains Steady as of January 2025: No Major Changes Observed

As of January 1, 2025, the U.S. refining capacity has remained largely stable, totaling 18.4 million barrels per calendar day…

Report: Trade Risks Continue to Dwindle Australia’s Resource Earnings

Australia’s mining and energy export earnings are projected to decline over the next two years due to increased trade barriers,…

Dalian Iron Ore Sees First Monthly Increase in Four, Driven by Strong Near-Term Demand

Dalian iron ore futures experienced a modest increase on Monday, marking their first monthly rise in four months due to…

MacGregor to Supply Fully Automatic Twistlocks for Hapag-Lloyd’s New 19,900 TEU Container Ships

MacGregor has announced a significant order from Hapag-Lloyd for its fully automatic twistlocks, known as “Hippo.” These innovative devices are…

Lloyd’s Register and DAI Infrastruktur Form Strategic Partnership for Green Ammonia Project Ra

Lloyd’s Register (LR) has announced a strategic collaboration with DAI Infrastruktur GmbH for the green ammonia initiative known as Project…

Pakistan Targets $700 Million in Freight Revenue Through Shipping Fleet Expansion, Maritime Ministry Reports

The Pakistan National Shipping Corporation (PNSC) has announced plans to expand its shipping fleet by acquiring at least 24 new…

Decline in Cash Differentials for HSFO and VLSFO Fuels

On Monday, Asia’s spot differentials for high sulphur fuel oil (HSFO) weakened amid declining crude oil benchmarks and a lack…