Category: News
March 12, 2025
News
Odfjell’s Initial Venture into Wind Energy: Installing Four bound4blue eSAILs® on BOW Olympus
Odfjell has made a significant step into wind propulsion with the installation of four bound4blue eSAILs® on the chemical tanker…
March 12, 2025
News
US Consumer Inflation Eases in February Ahead of Upcoming Import Tariffs
U.S. consumer prices saw a moderate increase in February, with the Consumer Price Index (CPI) rising by 0.2%. This marked…
March 12, 2025
News
Asia Distillates: Continued Absence of Physical Window Trading; Spotlight on China-Origin Barrels
Asia’s middle distillate markets continue to experience a notable lack of window trading activity, even as timespreads in the paper…
March 12, 2025
News
EIA Reports Increase in US Crude Inventories and Fuel Drawdowns Amid Ongoing Maintenance Activities
U.S. crude oil inventories saw an increase while fuel stocks declined in the past week, as reported by the Energy…
March 12, 2025
News
China’s Steel Production Cut Talks Rattle the Iron Ore Market
Iron ore futures experienced a decline on Wednesday, reversing early gains due to renewed discussions regarding China’s plans to cut…
March 12, 2025
News
CoolCo Collaborates with Kongsberg Digital to Enhance Digitalization of LNG Carrier Fleet
Kongsberg Digital has entered into an agreement with Cool Company Ltd. (CoolCo) to enhance its digitalisation efforts by extending the…
March 12, 2025
News
Report Highlights Economic and National Security Threats to US from China’s Shipbuilding Dominance
A recent report by the Center for Strategic and International Studies highlights China’s rapid rise to dominance in shipbuilding, currently…
March 12, 2025
News
Russian Oil Exports to India Bounce Back in March, Report Sources
In March, Indian imports of Russian oil experienced a notable rebound, returning to levels close to normal after a three-month…
March 12, 2025
News
IMO Statement Regarding the Loss of Seafarers in Odesa Merchant Ship Attack
The Secretary-General of the International Maritime Organization (IMO), Mr. Arsenio Dominguez, has publicly addressed the tragic loss of seafarers following…
March 12, 2025
News
Fearnleys Weekly Update: Insights for Week 11, 2025
Fearnleys Week 11 2025 The VLCC market experienced a period of calm during the initial days of the past week,…