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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...

Asia Pacific strengthens role in global trade amid rising tariff pressures: DHL Global Connectedness Tracker, 2025 Special Update

SINGAPORE:  Asia Pacific is playing an increasingly central role in driving global trade resilience, even as international flows face mounting challenges due to policy...

35% of ships subject to additional fees due to tariffs: BIMCO

LONDON: In last week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, looks at the possible effect of fees from...

Sonowal : Govt to strengthen national fleet with SCI capital infusion and new tanker tenders

NEW DELHI : Union Minister for Ports, Shipping and Waterways Shri Sarbananda Sonowal announced that, the Government of India will infuse fresh capital into...

Oil PSU JVs to build 112 vessels, save $350 billion forex by 2047 : Sarbananda Sonowal

VISAKHAPATNAM : The Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal outlined how the milestone aligns with the government’s larger strategy for maritime...

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...

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...

USD 48 billion at risk of being written off as gas tanker orders soar by 300% in five years, new research shows

LONDON/HAMBURG: USD 48 billion invested in LNG carriers could be written off by 2035 as they will be in oversupply in a 1.5°C climate...

Econowind receives repeat order from Terntank for two more vessels

ZEEWOLDE : Econowind has received a repeat order from Terntank for the installation of eight VentoFoil units on two additional methanol-ready hybrid tankers. Following...

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...
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