March 29, 2025
News
US Port Fees Expected to Impact Two-Thirds of Tanker Fleet Operations
The recently proposed US port fees may significantly impact a vast majority of the tanker fleet, especially those linked to…
March 29, 2025
News
Musk Claims $1 Trillion in US Spending Cuts Feasible Without Reducing Essential Services
Elon Musk, the tech billionaire recently appointed by former President Donald Trump as his cost-cutting czar, made headlines during a…
March 29, 2025
News
Tanker Weekly Update: Canadian Crude Exports to Europe Rise Amid U.S. Tariffs and Freight Rate Increase
The latest developments in the tanker market indicate a significant rise in Canadian crude oil exports to Europe, influenced by…
March 29, 2025
News
Shipping Industry Confronts Rising Operational Costs and Disruptions in Shipping Routes
The shipping industry is currently grappling with increased operational costs and route disruptions, largely influenced by geopolitical tensions and rising…
March 26, 2025
News
Eurozone PMI Shows Improvement as Potential New US Tariffs Loom Ahead
As the potential for new tariffs from the United States looms, businesses within the eurozone are exhibiting a slight shift…
March 26, 2025
News
Global Energy Demand Soars in 2024, Reaching Nearly Double Its Recent Average Levels
In 2024, global energy demand surged at nearly double its recent average pace, driven by a significant rise in electricity…
March 26, 2025
News
Chinese Steel Producers Begin Output Reductions in Response to National Directives
Steel makers in China’s Xinjiang region have begun reducing production, following a national directive aimed at managing overcapacity in the…
March 26, 2025
News
EU’s prohibition on Russian LNG transshipment may impact China’s winter energy supplies.
The European Union’s impending ban on the transshipment of Russian liquefied natural gas (LNG) at its ports could significantly impact…
March 26, 2025
News
Xmar Reaches Landmark: 100,000 Metric Tonnes of Bunker Fuel Traded in Under Six Months
Xmar, a rapidly expanding digital bunker trading platform, has reached a significant milestone by trading over 100,000 metric tonnes of…
March 26, 2025
News
Lloyd’s Register Enhances Advisory Services to Address Changing Demands in the Maritime Industry
Lloyd’s Register (LR) is set to introduce its newly restructured LR Advisory service during Singapore Shipping Week this week. This…