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Latest News
The latest energy, maritime and bunker industry news worldwide.
Keeping You Informed
Tankers: Demand for Alternative Fuels to Increase
The tanker market could be heavily impacted by the aftermath of the current energy crisis, as nations could speed up their search for alternative fuels, moving away from their heavy
Dry Bulk Market: Capesizes End The Week in Recovery Mode
Capesize The market began the week under pressure, with broad-based softening across both basins before staging a measured recovery to finish marginally firmer overall. Early sentiment was undermined by a
Iran conflict costing shipping industry €340 million a day
Shipping companies are spending an extra €340 million a day in additional fuel costs as a result of the latest conflict in the Gulf, new T&E analysis shows. As 99%
Tanker Market: Freight Spikes and Disruption Becoming the Norm
The existing situation in the tanker markets could be leading towards a long-term disruption with unknown variables. In its latest weekly report, shipbroker Xclusiv said that “the past week has
Shipping Interrupted: Tracking the Impact of Disruptions in the Strait of Hormuz
The Middle East conflict has delivered an immediate shock to the offshore market. Saudi Aramco, QatarEnergy, Kuwait Petroleum and ADNOC have all reduced, suspended or declared force majeure on production,
Tech: Trade’s Saviour In 2026?
The global trading system looks set to be defined by a tug-of-war between high-tech acceleration and geopolitical disruption through to 2027. According to the latest Global Trade Outlook and Statistics
Ship Recycling Remained Subdued Last Week
The ship recycling market remains trapped in an adverse environment. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian ship recycling
Container Shipping: Iran war amplifies outlook uncertainty
“Following the start of attacks on Iran on 28 February, transits through the Strait of Hormuz have effectively stopped, severing Persian Gulf ports from global container services. As a result,
Uncertainty Complicates Efforts To Prioritise Shipping Investments Amid Today’s Decarbonisation Regulations – Yet Delaying Action Is Not A Viable Strategy, Wärtsilä Survey Finds
Shipping companies are entering a more complex and capital-intensive phase as decarbonisation regulations begin to translate emissions targets into direct operating costs and long-term investment pressure. This is according to