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Iran’s Oil Gushes Into Global Market as China Imports Surge

Iran’s oil exports are surging, offering solace to both Tehran and a global market fretting over the prospect of sanctions squeezing Russian supply. Much...
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Russia ramps up diesel supplies to Turkey and Morocco ahead EU embargo

Russia has ramped up diesel supplies to Turkey and Morocco, seeking to reroute its oil products ahead of an EU embargo, data from traders...
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Venezuela Halts Oil Exports

The new head of Venezuela’s state oil company PDVSA has suspended most oil export contracts while his team reviews them in a move to...
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Russia boosts Baltic oil exports in January, Asia remains top destination

Europe’s ban on seaborne Russian oil imports from Dec. 5 has prompted Moscow to divert its crude flows to Asia and failed to curb...
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Iranian Oil Exports End 2022 At A High, Despite No Nuclear Deal

Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 despite U.S. sanctions, according...
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Russian oil shipped to Asia in Chinese supertankers amid ship shortage

At least four Chinese-owned supertankers are shipping Russian Urals crude to China, according to trading sources and tracking data, as Moscow seeks vessels for...
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Oil prices expected to average around $90 in 2023-2027 – survey

Brent oil prices are expected to remain around $90 per barrel throughout the next five years, according to my eighth annual survey of energy...
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G7 Nations Designing Price Caps on Russian Refined Oil Products

Group of Seven nations are aiming to design two price caps for Russian refined petroleum products to account for those that trade at higher...
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Increased Chinese Crude Buying Spooks European Oil Traders

China is snapping up cargoes of crude that would normally head to Europe, spooking the continent’s physical oil traders who’ve just seen imports from...
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Sanctions Could Cut Russia’s Baltic Oil Exports by 20%

Exports of Russia’s flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in December, after a Western price...
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Costamare reports results for the first quarter ended march 31, 2026

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

NORDEN raises full-year guidance

On the back of additional vessel sales and a stronger tanker market, NORDEN upgrades the 2026 full-year net profit guidance to USD 70 –...

Wärtsilä’s Interim Report January–March 2026

Wärtsilä’s announced its interim report for the period January–March 2026. January–March 2026 highlights Total order intake increased by 10% to EUR 2,099 million (1,902), while the...

KCC: Solid start to the year; even stronger Q2 outlook

Klaveness Combination Carriers ASA reported EBITDA of USD 29.3 million and Profit after tax of USD 15.6 million for the first quarter of 2026,...

Noble Corporation announces first quarter 2026 results

Noble Corporation plc reported first quarter 2026 results. Three Months Ended(in millions, except per share amounts)March 31, 2026March 31, 2025December 31, 2025Total Revenue$                786$                874$                764Contract Drilling Services Revenue743832705Net...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President to continue her...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President, and a member...

Celestyal launches ‘The Iconic Sale’ with fares from €499

Celestyal has launched its new ‘Iconic Sale’, offering savings across its full Mediterranean and...

Seafarer shares first-hand account with IMO about being stranded in the Persian Gulf

IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to...

Columbia Group names Andreas Hadjipetrou new CEO

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris...

ABS and PIL to advance maritime decarbonisation with alternative marine fuel emissions verification

ABS and Pacific International Lines (PIL) have announced a formal collaboration through the signing...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...

Throughput in the port of Rotterdam remains stable, with a slight decline of 0.7%

Throughput at the port of Rotterdam fell slightly by 0.7% in the first quarter of 2026 compared with the same period last year. Throughput...

High-level meeting on European strategies for the maritime industry and ports

A high-level meeting on the implementation of the European Maritime Industrial Strategy and the European Ports Strategy will be hosted in Athens on April...

Piraeus Port maintains its strategic role as key logistics hub for Eastern Mediterranean and SE Europe

The Port of Piraeus is resilient to the disruptions caused by the conflict in the Middle East on global supply chains. However, downward pressure is...

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