Economy
Baleària Launches New Ferry Route in Tarifa
Baleària has started new ferry services between Tarifa in Spain and Tangier Ville in Morocco as of May 8, 2025. This new...
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Environment
Performance of EPI and ESI under the IAPH Umbrella from January 2027
From January 2027, the Port Environmental Index (EPI) and the Ship Environmental Index (ESI) will operate as complementa...
Economy
Closure of the Western Soverhof Bridge Has Serious Impacts on Access to the Port of Rotterdam
The closure of the Western Soverhof Bridge from 5 PM on Wednesday will have major impacts on access to the Port of Rotte...
Oil and Petrochemicals
China prioritizes crude oil purchases in a high transportation cost environment
China has focused on controlling crude oil costs due to a shift in refinery strategies. The country has leaned towards s...
Oil and Petrochemicals
Saudi Arabia Guarantees Uninterrupted Oil Supply to Asia
Ali Al-Naimi, the Minister of Oil and Mineral Resources of Saudi Arabia, announced the country's readiness to meet the o...
Economy
Soybean Futures Price Above $13.1 per Bushel Awaiting Trump and Xi Negotiations
Soybean futures price reached above $13.1 per bushel due to strong Chinese demand for American supplies and expectations...
Oil and Petrochemicals
Oil Prices Drop Due to Improved Supply Situation and Diplomatic Efforts
Oil prices fell for the third consecutive day on Friday, reaching $102.20 per barrel. This decline was due to hopes for...
Economy
The European Union's Commitment to Sanctions on Russia Despite Rising Energy Prices
The European Union continues its sanctions against Russia while facing rising energy prices. Brent crude oil reached $12...
Oil and Petrochemicals
Equinor Seeks to Supply 10 to 15 Million Tons of LNG by Early 2030
Equinor plans to increase its LNG supply capacity to 10 to 15 million tons per year by the early 2030s. This move is aim...
Oil and Petrochemicals
Decrease in Tanker Traffic in the Strait of Hormuz Due to Saudi Pipeline Shutdown
Tanker traffic in the Strait of Hormuz has decreased to four vessels per day. This reduction is due to the shutdown of t...
Oil and Petrochemicals
China's Fuel Exports Reached 6.01 Million Tons in August 2023
China's fuel exports in August 2023 reached 6.01 million tons, indicating a 12.7 percent increase compared to last year....
Oil and Petrochemicals
The Chinese government has asked coal mines to increase production
The Chinese government has instructed local coal mines to maintain production at a steady level following price increase...