The discount for Russian Urals oil on a FOB basis for cargoes loading from the Baltic port of Primorsk in April narrowed to $15-$17 per barrel versus dated Brent from about $24-$27 per barrel in the second half of March, as falling freight rates reduced costs for Russian sellers…
India's shipping ministry has granted special permission to four vessels carrying Iranian oil - as requested by Reliance Industries - to berth at the western Indian port of Sikka, three industry sources said.India's oil ministry, shipping ministry…
'By the end of the first quarter of 2026, the global shipping order book hit a 17-year high, reaching 191m Compensated Gross Tonnes (CGT). This is equivalent to 17% of the global fleet, the highest ratio since 2011. The order book has been boosted…
The Australian Port of Newcastle has delivered its strongest diversified trade performance on record, with more than 11.12 million tonnes of non-coal cargo passing through the Port in 2025.This surpasses the previous record of 10.13 million tonnes set in 2021…
The International Chamber of Shipping (ICS) and the International Transport Workers’ Federation (ITF) have met representatives from Gulf States to address the ongoing conflict and its direct impact on seafarers and shipping in the Gulf.The meeting…
In separate ad hoc meetings of the Gas Coordination Group and the Oil Coordination Group held on March 12, the Commission and EU countries assessed the situation concerning the EU’s gas and oil security of supply in view of the continued disruptions in the Middle East…
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