Oil bunker costs to double by 2035 on IMO rules, says Wartsila
NEW YORK : Oil-based bunker costs will double over the next decade due to the International Maritime Organization’s upcoming regulation on greenhouse gas emissions, Finland-based Wartsila’s CEO Hakan Agnevall told Platts while laying out
CONCOR successfully flags off its first tank container rake carrying bulk cement
HYDERABAD : Container Corporation of India Ltd. (CONCOR) has successfully flagged off its first tank container rake carrying bulk cement from Maha Cement (Mellacheruvu, AP) to ICD Whitefield, Bengaluru. This marks a new era
Ships collide in Hormuz Strait in shadow of Israel-Iran war
OMAN : Two oil tankers have collided in the Strait of Hormuz, the world’s most critical oil checkpoint just off the coast of Iran. British maritime security monitor Ambrey said that the collision on
Israel’s attack on Iran bullish for oil prices but unlikely to last unless exports affected: Report
NEW YORK : Israel’s airstrikes on Iranian nuclear sites have rattled global energy markets, sending oil prices soaring and raising concerns about wider regional instability. While the escalation is bullish for near-term oil and
Indian Oil, BPCL and HPCL plan tanker order for domestic use in move to boost shipbuilding industry
NEW DELHI : India’s state-run refiners are planning to order 10 domestically-built vessels to transport fuels around the country as the government pushes ahead with its ambition to expand the shipbuilding industry. Indian Oil
INTERCARGO Bulk Carrier Casualty Report 2025: Safety gains continue but security threats emerge
LONDON : INTERCARGO, the International Association of Dry Cargo Shipowners, reports encouraging progress in bulk carrier safety, with vessel losses and fatalities continuing to decline over the last decade. However, serious security threats in
DNV and COSCO sign new class contract for methanol-ethanol ready KNOT shuttle tanker
OSLO : Classification society DNV has signed a new contract with Cosco Shipping Heavy Industry Zhoushan Shipyard (COSCO) during Nor-Shipping 2025 for the classification of a newly contracted methanol-ethanol ready Suezmax DP2 shuttle tanker
KR and SHI sign MOU to jointly develop 3-Cargo-Tank 174K LNG Carrier
OSLO : KR (Korean Register) signed a memorandum of understanding (MOU) with Samsung Heavy Industries (SHI) on June 4 at Nor-Shipping 2025 in Oslo to jointly develop a 174,000㎥ LNG carrier featuring three cargo