July 01, 2025
News
Hiab: Timetable Update for Finalizing MacGregor Sale
Hiab, previously known as Cargotec, announced on November 14, 2024, that it has entered into an agreement to sell its…
July 01, 2025
Opera
Unity Ship Management Implements BASSnet SaaS for Enhanced Efficiency in Fleet Operations
Unity Ship Management (USM) has entered into a strategic partnership with BASS Software to implement the complete suite of BASSnet…
July 01, 2025
China
China’s sluggish factory performance prompts calls for increased stimulus amid looming tariff risks.
China’s manufacturing sector continues to face challenges, with activity shrinking for the third consecutive month in June, albeit at a…
July 01, 2025
News
Asia Distillates: Slow Month-End Trading Momentum; Traders Anticipate Upcoming August Refiner Sales
Asia’s middle distillates market experienced a subdued trading atmosphere as June came to a close. Many traders adopted a wait-and-see…
July 01, 2025
Oil
Emerging Challenges Ahead for Oil Markets
The oil markets are currently facing a wave of uncertainties, driven by geopolitical tensions and changing global economic conditions. Recent…
July 01, 2025
News
California Farms Face Risk as Immigration Raids Result in Unharvested Crops
Immigration raids are posing a significant threat to California’s agricultural sector, leaving crops unharvested and farms at risk. Lisa Tate,…
July 01, 2025
China
China’s July Gasoil Exports Projected to Spike 88% Month-Over-Month Due to Improved Margins
Chinese oil companies are gearing up for a significant increase in clean oil product exports in July, with gasoil shipments…
July 01, 2025
News
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…
July 01, 2025
News
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…
July 01, 2025
News
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…