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
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
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
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
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
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
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
SEOUL : The domestic shipping giant Sinokor Merchant Marine is reportedly pushing for the sale of half of its bulk carrier fleet that it currently operates. Analysts suggest this is in response to establishing
NAVI MUMBAI : Samsara Shipping Private Limited has been awarded by the Jawaharlal Nehru Port Authority (JNPA) as ‘Shipping Agency for highest liquid cargo traffic handled at Jawaharlal Nehru Port in a year during
NEW YORK : The US Trade Representative (USTR) has announced additional port fees on foreign vessels and marine equipment that mainly target Chinese shipping, which are set to alter trade flows and freight market