OCIMF launches Focused Inspection Campaign on ship hardening to strengthen onboard security defences
LONDON: Oil Companies International Marine Forum (OCIMF) has launched a Focused Inspection Campaign (FIC) under its SIRE 2.0 tanker inspection programme aimed at reinforcing maritime security readiness across the global tanker fleet. The initiative
Urals freight rates to India accelerate in October amid high exports, tighter sanctions, sources say
LONDON: Freight rates for shipping Urals crude from Russia’s western ports to India rose sharply in October, driven by strong export volumes and mounting sanctions pressure, industry sources told Reuters. U.S. President Donald Trump
23 Indian crew rescued after LPG Carrier catches fire off Yemen coast ; 2 still missing
YEMEN : 23 Indian crew members onboard MV Falcon, which caught fire and was adrift off the Yemen coast following an explosion, have been rescued and safely handed over to the Djiboutian Coast Guard.
Tanker freight rates for Russian crude to India climb on higher seaborne exports, sources say
LONDON: Tanker freight rates for shipping Urals crude from Russia’s western ports to India rose further in late September and early October, tracking a sharp increase in loadings last month, industry sources said. Indian
Adani Hazira Liquid Terminal sets a new record
HAZIRA : Adani Ports and Sez(APSEZ) of Hazira Liquid Terminal sets a new record by handling In just one day, 734 tankers and moved an incredible 21,645 metric tonnes of cargo — the highest single-day throughput ever.
EU Sanctions start to disrupt Clean Product Exports from Nayara’s Vadinar Refinery
LONDON : The European Union’s latest sanctions on Nayara Energy, India’s Rosneft-linked refiner, are beginning to impact clean product flows out of the Vadinar terminal visibly. Oil flows voyages tracking India-origin seaborne shipments show
Reshaping Global Lubricant Supply Chains: Trump-Era Tariffs driving industry pivot toward Asia
SINGAPORE : With the global lubricants industry still adjusting to the lasting impact of U.S. trade policy enacted during the first presidential term of U.S. President Donald Trump, supply chains are undergoing dramatic shifts—and
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