Economy
Fluctuation of Container Shipping Rates from Asia to the United States and Stability of Tanker Rates
Container shipping rates from East Asia to the United States have experienced fluctuations this week. Meanwhile, chemica...
Latest News in English
Oil and Petrochemicals
Japan Provides Insurance Coverage for Crude Oil and LNG Transportation
Japan will provide insurance coverage for the transportation of crude oil, petroleum products, and liquefied natural gas...
Oil and Petrochemicals
Reduction of B30-VLSFO Premium in Rotterdam to $174 per Ton
The price of B30-VLSFO in Rotterdam has increased by $36 per ton over the past week, and its premium compared to traditi...
Analysis
Commercial ships continue to pass through the Strait of Hormuz despite recent incidents
Commercial ships continue to transit the Strait of Hormuz despite the sinking of a Singaporean container ship. High ener...
Analysis
Analysis of Trade Data and Maritime Intelligence in International Transport
Trade data effectively meet business needs, but they are not sufficient for customs authorities. Maritime intelligence e...
Economy
3% Decrease in Container Index in Asia by Drewry
The container index in Asia reached $1453 for each 40-foot container. A decrease in freight rates was observed, especial...
Oil and Petrochemicals
7% Decrease in Singapore's Fuel Oil Reserves Despite Increase in Net Imports
Singapore's fuel oil reserves decreased by 7% in October compared to September, reaching 18.36 million barrels. This com...
Environment
BIMCO Provides Tools to Reduce Ship Collisions with Whales
BIMCO helps shipping companies reduce the risk of collisions with whales by providing digital tools. These tools include...
Technology
Transformation of the Maritime Industry with ABS Innovations in Nuclear Energy and Robotics
The ABS Regional Committee meeting in New York focused on technology innovations and the key role of nuclear energy and...
Oil and Petrochemicals
The Hormuz Crisis Has Turned Fuel Transport Costs into a Supply Crisis
The Hormuz crisis has had profound effects on the global fuel and transport market. Estimates suggest that the flow of h...
Oil and Petrochemicals
Reduction of 500 Jobs in Texas Oil and Gas Industry to 196,400 Jobs
The number of oil and gas jobs in Texas decreased by 500 jobs in September, reaching 196,400 jobs. Meanwhile, the state'...
Oil and Petrochemicals
Finder Signs ENEOS Drilling Rig Contract for KTJ Wells in East Timor
Finder has signed a contract for the ENEOS drilling rig for the development of three wells in the KTJ field located in t...