Oil and Petrochemicals
6.2% Increase in Oil Product Stocks in the Fujairah Oil Zone of the UAE
Oil product stocks in the Fujairah oil zone of the UAE increased by 6.2% to 7.247 million barrels. This increase was pri...
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Oil and Petrochemicals
Decrease in VLCC Rates Last Week Under Market Pressure
VLCC tanker rates faced a decrease of 100 to 150 points last week. These changes varied depending on the type of voyages...
Technology
Maersk Tankers Advances Towards Large Ammonia Ships
Maersk Tankers has secured funding from the European Innovation Fund through the RIPPLE project. This project enables sh...
Oil and Petrochemicals
The Marine Fuel Supply Situation in Europe and Africa is Limited Due to High Demand
Fuel supply in European and African ports is facing restrictions due to high demand. Pre-payment times for suppliers in...
World
Russia is undermining global food security with naval attacks in the Black Sea
Russia's attacks on Ukraine's export facilities and maritime routes in the Black Sea threaten global food security. Ukra...
Technology
The First Commercial Loading Operation of Green Marine Ammonia by Shanghai Yangtze in China
The loading operation of 1,000 tons of green marine ammonia by Shanghai Yangtze in China has been completed. This action...
Oil and Petrochemicals
BGN Orders Four New LPG Gas Carriers from HD Hyundai Heavy Industries
BGN has ordered four LPG gas carriers with a capacity of 93,000 cubic meters from HD Hyundai Heavy Industries. These ves...
Economy
Skuld Updates Its Organizational Structure for Future Growth
Skuld will implement a new organizational structure starting November 1, 2026, to enhance coordination and responsivenes...
Technology
HarborLab Introduces DEX as an AI Assistant for DA Evaluation Teams
HarborLab announced the launch of DEX as an AI assistant for evaluating port costs. This technology helps analysts focus...
Economy
S&P Global warns that the Hormuz energy crisis could turn into a global food crisis
The global energy crisis is rapidly turning into a global food security crisis. Ongoing conflicts in various parts of th...
Oil and Petrochemicals
Independent Companies are Buying BP's Assets in the North Sea
With BP's exit from the North Sea, independent companies have begun purchasing the assets of this entity. These developm...
Oil and Petrochemicals
41% Progress of Woodside LNG Project's First Liquefaction Unit in Louisiana
The first liquefaction unit of the Woodside Energy LNG project in Louisiana is under construction with 41% progress. Thi...