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Oil

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Oil

Britain imposes sanctions on trading firm, ‘shadow fleet’ over Russian oil

Britain sanctioned 20 ships on Tuesday for allegedly carrying illicit Russian oil, its latest measures targeting Russia's so-called shadow fleet in response to the...

FuelEU Maritime: How Baltic Exchange is helping shipowners understand the commercial implications

From 1 January 2025, voyages that include port calls in the European Union will have to account for the new FuelEU Maritime regulation. This...

Shell and Equinor to create the UK’s largest independent oil and gas company

Equinor UK Ltd, a subsidiary of Equinor ASA and Shell UK Limited, a subsidiary of Shell plc are to combine their UK offshore oil...

STX Group expands its biofuels business with strategic acquisition of Marine Olie

STX Group, a leading environmental commodities and climate solutions firm, announced the acquisition of Marine Olie, a leading trader of waste-based advanced feedstocks. This...

ADNOC statement on recent media reports

Abu Dhabi National Oil Company, the current majority shareholder of 90% of the ordinary shares in ADNOC Gas, notes recent media reports about a...

Greece extends drills hampering transfer of Russian oil cargoes

Greece’s navy extended for a sixth time a series of naval drills, prolonging them by another four months as the country tries to deter...

China plans first bio-marine fuel export quotas for 2025

China is planning its first export quota for marine bunker that is blended with biodiesel, partly to support biofuel producers hit earlier this year...

Trafigura issues statement on Mongolia petroleum products business

An internal review followed by an external forensic investigation have uncovered serious misconduct by individuals in Trafigura’s Mongolian petroleum products supply business.  The misconduct included...

OPEC cuts 2024, 2025 global oil demand growth view again

Crude Oil Price MovementsIn September, the OPEC Reference Basket (ORB) value declined by $4.82/b, or 6.1%, m-o-m, to average $73.59/b. The ICE Brent’s front-month...

Middle East tensions: Oil prices at risk of further increases

The oil markets may continue to rally due to fears of major production disruptions in the Middle East if the conflicts evolve into a...

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Maersk slides as investors brace for ‘Bleak’ quarters ahead

A.P. Moller-Maersk A/S shares fell with investor disappointment over a smaller-than-expected improvement in the container-shipping giant’s full-year profit guidance. Maersk’s underlying earnings before interest, tax,...

International Seaways reports third quarter 2025 results

International Seaways, one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the...

TORM plc Q3 2025 results, dividend distribution, and financial outlook 2025

“TORM delivered its strongest quarterly result so far in 2025, demonstrating the strength of our integrated operating model and the people behind it,” says...

A Decade on the Stock Exchange: Hapag-Lloyd marks 10 years of sustainable growth and value creation

Hapag-Lloyd celebrates the tenth anniversary of its listing on the Frankfurt Stock Exchange. Since its IPO in November 2015, the Hamburg-based company has evolved...

Dorian LPG profit at highest level in six quarters

Dorian LPG, a leading owner and operator of modern very large gas carriers, announced that its Board of Directors has declared an irregular cash...

Kit Kernon passes away prematurely – Global shipping is poorer

Kit Kernon, one of the most influential people in global shipping, has passed away....

Baltic Index extends gains to hit over two-week high on strong vessel rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Suez Canal Authority denies role in detention of sanctioned Russian tanker

In response to circulating news reports regarding the Suez Canal Authority's detention of the...

Baltic Index rises to two-week high on stronger capesize and panamax rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Baltic Index rises on firmer capesize rates

The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry...

AD Ports Group signs agreement with CMA CGM Group to acquire minority stake in Latakia International Container Terminal in Syria

AD Ports Group, a leading global enabler of trade, logistics, and industry, signed a Joint Venture and Shareholders agreement with France-based CMA CGM Group,...

A.P. Moller – Maersk strengthens its ties with India

Maersk and APM Terminals deepen their commitment at the India Maritime Week 2025 by announcing the intent to invest in port infrastructure and explore...

Throughput at the Port of Rotterdam falls slightly in the first nine months of 2025

Total throughput in the port of Rotterdam fell slightly by 2.6% in the third quarter of 2025 compared to the same period last year....

Piraeus Port sees revenue increase in 1H2025

PPA S.A. announced its financial results for the first half of 2025, reporting an increase in revenue and profitability, in a period that continues...

Major new $131 million expansion announced for Port of Mobile container terminal

Port officials have announced plans for yet another expansion to Mobile’s container terminal, capitalizing on a recently completed project to widen and deepen the...