Russian oil and products trapped on tankers hit by new Iran-related sanctions
MOSCOW : Russian oil and products have become trapped at sea on four tankers after the United States hit the vessels with fresh Iran-related sanctions, LSEG data showed on Friday. The development shows how
India seriously concerned about crude oil trade due to Iran-Israel war
NEW DELHI : While Israel and allies including the US, UK and France managed to mostly foil an unprecedented attack by Iran on the Jewish state, stock markets in Israel, Saudi Arabia and elsewhere
India says high crude prices a concern, oil refiners aiming to curb retail impact
NEW DELHI : India is concerned about elevated crude prices, but oil marketing companies will take appropriate measures to cushion the impact for retail consumers if the trend persists for long, government and refinery
Red Sea shipping diversions are boosting airfreight volumes and rates
OSLO : Retailers and manufacturers are flying more goods around the shipping crisis in the Red Sea, industry experts say, helping boost international airfreight operators after a long period of sagging cargo volumes. The
The new corridors of global trade : UNCTAD
GENEVA : Recent crises have shifted global trade routes. Trade facilitation tools and digitalisation are needed more than ever to facilitate the flow of goods. Geopolitical developments over the past few years have redefined
A Global Carbon Tax on Shipping is Coming, Says ABS Chairman and CEO
HOUSTON : A universal, global carbon tax on shipping is coming, as alternative blue fuels made with carbon capture emerge as a critical step in the energy transition at sea. That was the message
QatarEnergy signs agreements for 25 conventional-size LNG vessels
QATAR : QatarEnergy announced in a statement that it has signed time-charter party (TCP) agreements with Qatar Gas Transport Company Limited (Nakilat) for the operation of 25 conventional-size LNG vessels as part of the second
US-bound ship hits Bharat Petroleum crude import facility
JAMNAGAR : A US-bound vessel from Sikka Port in Gujarat accidentally hit a Bharat Petroleum Corp’s (BPCL) crude import facility late on Sunday, two sources told on Monday. The extent of the damage was