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The latest energy, maritime and bunker industry news worldwide.
Keeping You Informed
Ship Recycling Demand Picking Up
The ship recycling market has picked up pace over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that in India,
First-ever global study reveals wind propulsion can cut fleet-wide emissions today but only with stronger policy action
A landmark study commissioned by Seas At Risk, drawing on 1.74 billion kilometres of real voyage data, the equivalent distance from the Earth to Saturn, finds that wind propulsion could
Rupee depreciation fuels incremental gains in India’s dry bulk export volumes
India’s dry bulk exports, although modest in global terms, increased noticeably through 2025–26 alongside the depreciation of the Indian rupee. The trend broadly aligned with classical economic theory, although the
Greek Ship Owners Increase Newbuilding Orders
More Greek owners have placed newbuilding orders over the past few days. In its latest weekly report, shipbroker Banchero Costa noted that “Chinese groups led newbuilding contracting with sizable orders,
Net zero by 2050? This decade’s fuel choices will decide
The debate over whether net zero is possible by 2050 may continue for years, while global emissions and temperatures continue to rise. But the question of green hydrogen’s role in
March VLCC outlook – Historic shockwaves through the market
March delivered one of the most extraordinary freight markets in modern shipping history. The escalation of conflict in the Middle East culminated in a scenario many in shipping had long
Shipping: The Hormuz Strait Conundrum After The War in the Middle East
Even if the current war in the Middle East is resolved peacefully in the coming weeks, shipping in the region will probably still have to face a new reality. In
Global order book hits 17-year high amid record crude tanker contracting
“By the end of the first quarter of 2026, the global shipping order book hit a 17-year high, reaching 191m Compensated Gross Tonnes (CGT). This is equivalent to 17% of
When the Gulf Went Still
One month of AIS-derived data from the world’s most consequential chokepoint and what it revealed about a dry bulk market frozen in place. Оn 28 February 2026, the Persian Gulf