Tuesday, October 21, 2025

Oil

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Oil

Shell is studying merits of buying BP, Bloomberg News reports

Shell, is working with advisers to evaluate a potential acquisition of rival BP Plc (BP.L), though it is waiting for further stock and oil...

Sinopec resumes Russian oil purchase after short pause amid sanctions risks, sources say

Sinopec, Asia’s top refiner, resumed purchases of Russian oil after a brief pause last month to assess risks from sanctions imposed by the United...

Oil steady; market eyes OPEC+ output increase, US tariffs

Oil prices steadied on Wednesday after hitting multi-month lows in the previous session, but remained under pressure as the market eyed plans by major...

Trump reverses Chevron’s Venezuela oil license, citing lack of electoral reforms

U.S. President Donald Trump on Wednesday said he was reversing a license given to Chevron to operate in Venezuela by his predecessor Joe Biden...

Indonesian prosecutors arrest three Pertamina unit executives over oil imports

Indonesia's Attorney General's Office has arrested three executives at units of state-owned energy firm Pertamina on charges of alleged corruption related to oil imports...

OSM Thome Brasil signs full technical management deal with Shell for DP Shuttle

OSM Thome signs a full technical management deal with Shell for a Brazilian Flagged DP Shuttle. The announcement reads: “For several years, the OSM Thome...

Cargill and Hafnia launch Seascale Energy to accelerate the transformation of marine fuel procurement services

Cargill’s Ocean Transportation business and leading tanker shipping company, Hafnia, have joined forces to launch Seascale Energy, a joint venture, combining Cargill’s existing bunker...

Baltic Exchange enters the chemical tanker market with new chemical and agricultural oil freight assessments

Baltic Exchange has launched a new series of chemical and agricultural oil assessments in order to meet the evolving needs of the maritime freight...

SulNOx: Nigeria patent granted for fuel oil reclamation

SulNOx has been granted a fuel oil reclamation patent in Nigeria. The licence covers SulNOx's oil and water separation methodology. The demulsifying process uses the...

Oil shipping rates surge after US sanctions hit availability

Supertanker freight rates jumped after the U.S. expanded sanctions on Russia’s oil industry, sending traders rushing to book vessels to ship supply from other...

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CMB.TECH continues fleet rejuvenation strategy

CMB.TECH NV has provided a market update regarding its fleet rejuvenation efforts in Q3 and Q4 2025.

Castor Maritime announces $50.0 million Debt Financing and Full Redemption of the 8.75% Series E Cumulative Perpetual Convertible Preferred Shares

Castor Maritime, a diversified global shipping and energy company, announces the signing of a $50.0 million sustainability-linked senior term loan facility with a European...

Konstantakopoulos issued special stock by Costamare

Costamare announced that it has entered into a Stock Subscription Agreement with Konstantinos Konstantakopoulos, pursuant to which Mr. Konstantakopoulos will purchase 1,200 shares of...

C3is Inc. announces closing of $2 million registered direct offering

C3is Inc., a ship-owning company providing dry bulk and tanker seaborne transportation services, today announced the closing of its previously announced registered direct offering...

Panama Canal posts $5.7 bln in FY2025 revenue, transits jump 19%

The Panama Canal said revenues rose around 14.4% in its fiscal year 2025 to $5.7 billion, based on preliminary and unaudited figures, authorities said...

Travlou: The postponement of the Net Zero Framework an opportunity for sustainable, green transition

The decision to postpone the vote for one year on the proposed roadmap for...

Seaspan strengthens fleet efficiency through comprehensive vessel retrofits and upgrades

Seaspan provides an update on its SAVER (Seaspan Action on Vessel Energy Reduction) program launched in...

Baltic Index steady on minimal gain across vessel segments

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving...

INTERTANKO to continue its focus on practical pathways in the absence of an agreement...

After an intense week ending in a vote, the International Maritime Organization’s Net Zero...

ABS to acquire MetaSHIP assets to expand immersive maritime training

American Bureau of Shipping has agreed to acquire the MetaSHIP intellectual property and vessel...

Global Ship Lease issues statement regarding China-Specific port fees and US ownership

Global Ship Lease, a containership owner and lessor, issued the following statement in response to the Implementation Measures on the Special Port Charges for...

Port of Los Angeles strategies continue to deliver clean air gains

The Port of Los Angeles is furthering its progress in reducing pollution from all sources that move cargo through its gateway. In 2024, when...

Pacific basing takes measures to comply with port fee regulations

Pacific Basin Shipping has issued a trading update for the third quarter of 2025.

Wallenius Wilhelmsen suspends 2025 Outlook on US port fees impact

On October 10, 2025, a proposed modification of Annex III in the USTR section 301 on port fee regulations was released. In the proposal,...

First “Special Port Fee” reportedly charged in China – report

According to information circulating within industry channels, the U.S.-flagged container ship MV MANUKAI, operated by Matson, has reportedly become the first vessel to be...