Category: News
May 01, 2025
News
FUJAIRAH REPORT: Oil Product Inventories Hit Lowest Level in One Month
Oil product inventories at the UAE’s Port of Fujairah saw a significant decline of 5.9% in the week ending April…
May 01, 2025
News
Week 18 Assessment Index for New ConTex Container Ship Time Charters by VHBS
The VHBS New ConTex Container Ship Time Charter Assessment Index for Week 18 indicates a period of stagnation in the…
May 01, 2025
News
US Tariff Hikes Impact Demand Outlook in Dry Bulk Shipping Sector
The recent tariff increases imposed by the US and China, effective from April 25, have considerable implications for dry bulk…
May 01, 2025
News
Ship Demolition Trends: Continued Suppression and Stagnation Observed in Market Conditions
Ship demolition activity remains subdued as market conditions persist under pressure. Best Oasis, a prominent cash buyer, reported that the…
April 29, 2025
News
ECB Policymakers Warn of Dire Outlook for Euro Zone Economy Ahead
The European Central Bank (ECB) officials have raised serious concerns about the future of the euro zone economy, warning that…
April 29, 2025
News
US Tariff Shockwaves Heighten Risk of Global Economic Recession
Economists are increasingly concerned about the risk of a global economic recession in 2023, as reflected in a recent Reuters…
April 29, 2025
News
Asia’s Gasoline Crack Price Increases While Naphtha Experiences Decline
Asia’s gasoline refining profit margins saw an increase last week as demand remained strong, particularly with the driving season approaching…
April 29, 2025
News
Oil Price Predictions Cut Due to Concerns Over Potential Global Economic Slowdown
Oil price forecasts have experienced significant reductions as analysts anticipate weaker demand for the latter part of 2025. This decline…
April 29, 2025
News
Korea and U.S. Strengthen Shipbuilding Collaboration Amid Ongoing Trade Discussions
In the context of ongoing trade negotiations between Korea and the United States, the July Package has highlighted the potential…
April 29, 2025
News
Dalian Iron Ore Declines as China Considers Reducing Steel Production
Iron ore futures experienced a slight decline on Monday, primarily driven by the prospect of cutbacks in crude steel production…