US Port fees on foreign ships to shake up trade flows, freight markets
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
Shippers unlikely to return quickly to Red Sea after ceasefire
NEW YORK : Major shipping companies are likely to take their time before fully resuming transits through the Red Sea, waiting to see if a ceasefire announced May
Houthi rebels to halt military operations against most ships in Red Sea
NEW YORK : Houthi rebels have said they will halt their military operations against most ships in the Red Sea, tanker chartering sources and brokers in Singapore, Tokyo
India, Sri Lanka see weak bunker fuels demand in Nov: Traders
MUMBAI : Bunker markets at Mumbai saw a fall in demand for bunker fuels due to the inconsistency in availability of supplies at the port, while despite plentiful
Trump presidency seen as bullish for tanker rates in US, Middle East; Russia wild card
WASHINGTON D. C. : A second Donald Trump presidency could push up tanker rates in the Middle East and the US Gulf while ushering in great uncertainty over
Indian Ports see Jan-July bunker, STS calls up 64% on year, monsoon hits July demand: S&P Globa
BENGALURU : Bunkering activity in India has experienced significant growth during the first seven months of 2024, with the total number of bunkering and ship-to-ship (STS) calls to
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
Indian Ports struggle with massive demand as Ships Re-Route amid Red Sea Crisis
MUMBAI : In the wake of vessel re-routings aimed at avoiding the Red Sea, bunker demand across ports in both India and Sri Lanka has witnessed a massive
Houthis could partner with Iran, Somali pirates on Indian Ocean attacks
LONDON : Yemen-based Houthi militants could keep the promise to extend their attacks to merchant ships in the Indian Ocean, potentially with drones and assisted by Iran and
LNG imports in India to escalate in 2024, fueled by power and fertilizer sector demand
NEW DELHI : India’s liquefied natural gas (LNG) imports are projected to rise significantly in 2024, driven by ongoing demand in the power, industrial, and fertilizer sectors, with
