Category: News
April 25, 2025
News
HD KSOE Surprises with 436% Profit Surge, Plans Policy Proposals for the U.S. Market
HD Korea Shipbuilding & Offshore Engineering (KSOE) has reported a remarkable operating profit of 859.2 billion won (approximately $598.1 million)…
April 25, 2025
News
Wärtsilä and Höegh Evi Achieve Milestone: First Floating Ammonia-to-Hydrogen Cracker Developed with Partners
Wärtsilä Gas Solutions, a division of the technology group Wärtsilä, and Höegh Evi, a leader in marine energy infrastructure, have…
April 25, 2025
News
Chinese Coal Buyers Dismiss New Pricing Benchmark Set by Indonesia
Indonesia’s efforts to implement a government-regulated price for coal, known as the HBA, are not gaining traction with major buyer…
April 25, 2025
News
EIB Advisory Aids Growthfund in Enhancing Climate Resilience of Greek Ports in Greece
The European Investment Bank (EIB) has announced its advisory support to Greece’s National Investment Fund, Growthfund, aimed at enhancing the…
April 25, 2025
News
HSFO Spot Differential Declines While VLSFO Sees Gains in Market Performance
On Thursday, the spot differential for high sulphur fuel oil (HSFO) in Asia decreased, reversing a brief uptick into premium…
April 25, 2025
News
Lloyd’s Register Enhances Global Fuel Finder by Introducing New Biofuels Feature
Lloyd’s Register (LR) has announced an important enhancement to its Global Fuel Finder tool, which now includes capabilities for biofuels.…
April 25, 2025
News
Three Additional Russian Insurers Request Approval from India to Insure Oil Tankers, Sources Report
Three additional Russian insurers have requested approval from India to provide marine insurance for oil shipments destined for Indian ports.…
April 25, 2025
News
Japan Ranks as World’s Third Largest Shipping Nation, Controlling 12% of Global Fleet Ownership
Japan holds a prominent position as the world’s third largest shipping nation, commanding ownership of approximately 12% of the global…
April 25, 2025
News
Shipping Challenges: Navigating Unexpected Events and Their Impact
Shipping practices are evolving rapidly, especially in light of recent policy changes aimed at addressing trade imbalances. According to Xclusiv,…
April 24, 2025
News
Port of Rotterdam Sees Reduced Throughput in Q1 2025 Due to Decline in Oil Products
In the first quarter of 2025, total throughput in the port of Rotterdam experienced a significant decline of 5.8% compared…