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Improving Seafarers' Welfare with Participation from Over 1000 Companies in CWSA
A new report shows that maritime companies have made progress in seafarers' welfare, but many challenges remain. With th...
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Economy
Baltic Dry Index Rises to Highest Level in a Week
The Baltic Dry Index rose for the fourth consecutive session on Tuesday, reaching 3,432 points. Various transport indice...
Economy
Soybean Exports from the United States to China Reach 9.858 Million Tons
The number of soybean commitments from the United States to China for the 2026/27 marketing year reached 9.858 million t...
Oil and Petrochemicals
Saudi Arabia Changes Export Route Due to STS Limitations in the Oman Gulf
Saudi Arabia has approached maximum capacity for Ship-to-Ship (STS) transfer services by changing its export route towar...
Economy
Revival of China's Steel Sector Following Request from China Iron and Steel Association
China's steel sector has returned to the spotlight due to the China Iron and Steel Association (CISA)'s request to incre...
Economy
The Marine Cargo Insurance Market Continued to Soft in 2025
Marine cargo insurance premiums reached $24.2 billion in 2025, showing a 6.9% increase compared to the previous year. Ho...
Oil and Petrochemicals
Iran Offers to Open the Strait of Hormuz in Exchange for Reduced U.S. Military Tension
Iran has announced that it is ready to reopen the Strait of Hormuz within seven days, provided that the United States ta...
Oil and Petrochemicals
Increase in Crude Oil Loading in 2025 by Banchero Costa
Banchero Costa announced in its weekly report that crude oil loading has improved in 2025. Following a slight decrease i...
Oil and Petrochemicals
Fuel Supply Situation in Singapore and Malaysia Under Pressure
The fuel market in Singapore is facing shortages, and VLSFO delivery times have reached 13-17 days. The supply situation...
Oil and Petrochemicals
55.8 Percent Increase in the Value of EU Oil Imports in the Second Quarter of 2026
In the second quarter of 2026, the value of petrochemical oil imports to the European Union increased by 55.8 percent. M...
Technology
GCMD and Equinor are developing value chains for alternative fuels and carbon
The Global Center for Marine Carbon Reduction (GCMD) and Equinor have launched a five-year collaboration to develop alte...
Oil and Petrochemicals
Saudi Aramco Increases Crude Oil Loading After Pipeline Disruption
Saudi Aramco loaded about 14 million barrels of crude oil onto seven very large tankers in the Persian Gulf yesterday. T...