Oil and Petrochemicals
Goldman Sachs Reports Increase in Crude Oil Freight Rates to $20 per Barrel
The global average freight rate for crude oil has reached $20 per barrel, a significant increase from $3 last year. Seve...
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Oil and Petrochemicals
Increase in Saudi Oil Loading at Yanbu to 5 Million Barrels per Day
Saudi Arabia's oil loading at the Yanbu field reached 5 million barrels per day in March. This increase was due to the c...
Oil and Petrochemicals
Full Return of A.P. Moller-Maersk Shipping Services to the Suez Canal by March 2027
A.P. Moller-Maersk has predicted that it will return all of its shipping services to the Suez Canal by March 2027. This...
Economy
Decline in Iron Ore and Steel Prices in China's Domestic Market
The decline in iron ore and steel prices in China's domestic markets continues, with new information indicating an incre...
Economy
Verde Marine Expands Its Bunker Barge Fleet
Verde Marine Energy is expanding its bunker operations in the ARA region by adding new barges. The company has recently...
Economy
Transit and Tonnage Growth in the Panama Canal in Fiscal Year 2026
The Panama Canal has recorded significant growth in the number of transits and tonnage in fiscal year 2026. These result...
Technology
KONGSBERG Signs Marine Traffic Services System Contract with Ports Pilbara in Australia
KONGSBERG will supply a complete marine traffic services system for Port Hedland with a 10-year contract. This system in...
Oil and Petrochemicals
Gibraltar Port Report on 477 Refueling Contacts in September
Gibraltar Port recorded 477 refueling contacts in September, showing an 11% increase compared to last year. The port has...
Technology
Valenciaport Sandbox Introduced as a Tool for Innovation at PEIC’26
The International Port Entrepreneurship Conference 2026 (PEIC’26) was held in Valencia, emphasizing innovation and new t...
Oil and Petrochemicals
44.3% Increase in Russian LNG Imports to China in 2023
Russian liquefied natural gas (LNG) imports to China reached 7.19 million tons from January to September 2023. The value...
Economy
Iraq Finalizes Gas Import Contract with Excelerate Energy
Iraq has signed a contract worth $450 million with Excelerate Energy to secure gas for its power plants. This contract i...
Economy
Iron Ore Prices Drop to Lowest Level in Four Years
Futures prices for iron ore have decreased to 670 yuan per ton, marking the lowest level in four years. A new supply agr...