Monday

07-07-2025 Vol 19

Category: 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)…

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…

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…

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…

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…

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.…

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.…

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…

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,…

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…