Oil and Petrochemicals
Daily Income of VLCC Tankers Increases to $805,000
The crude oil transportation market has reached its highest historical level, with VLCC tankers earning an average of $8...
Latest News in English
Economy
Decrease in Freight Rates in the Dry Market and Pressure on Capesize Vessels
The dry freight market faced pressure last week, with rates particularly decreasing in the Atlantic. The 5TC rate droppe...
Oil and Petrochemicals
Significant Increase in Iraq's Oil Exports to India in September 2023
Iraq's oil exports to India reached 4.41 million tons in September 2023, showing a 106.3% increase compared to the previ...
Oil and Petrochemicals
VLCC Rates Increased on Baltic Routes
VLCC rates on Baltic routes saw a significant increase last week. The TD3C route between the Persian Gulf and China reac...
Oil and Petrochemicals
U.S. Crude Oil Exports Reach 3.5 Million Barrels Per Day
U.S. crude oil exports increased to 3.5 million barrels per day in September, up from 3.4 million barrels per day in Aug...
Oil and Petrochemicals
Biofuel Prices in Rotterdam Improve
The price of B30-VLSFO in Rotterdam has increased by $2 per ton over the past week. Meanwhile, the regular VLSFO prices...
Economy
1% Decrease in the Intra-Asian Container Index This Week
The Intra-Asian Container Index has decreased by 1% this week, reaching $1503 for a 40-foot container. This decline come...
Revelation
Change of Flags for Sanctioned Ships to Nicaragua Numbers Near Hormuz
Between August 1 and September 26, 10 sanctioned ships changed their flags to Nicaragua numbers. 8 of these ships were i...
Oil and Petrochemicals
Competition Between South Korea and China in the LNG Ship Market
A fierce competition is emerging between South Korea and China in the market for large liquefied natural gas (LNG) ships...
Economy
Maersk Examines the Conditions of the Maritime Transport Market in October 2026
Maersk has analyzed the conditions of maritime transport and the existing challenges in the European and Asian markets i...
Oil and Petrochemicals
5% Increase in Fuel Oil Inventory in Fujairah Industrial Area
Fuel oil inventory in Fujairah has increased by 5% in the first week of October compared to September, reaching 4.72 mil...
Economy
Merger of TT Club and UK P&I Club to Create the First Joint Transport Insurance
Members of TT Club and UK P&I Club have decisively voted in favor of merging the two organizations. This merger aims to...