Oil company Saudi Aramco has told at least two European refining customers they will receive no crude oil next month following an attack on Saudi Arabia's key pipeline to the Red Sea, Bloomberg News reported on Friday, citing people familiar…
Russia's ESPO Blend oil jumped above $120 per barrel for the first time since April, boosted by demand from Chinese refiners as the US-Israeli war on Iran disrupts Middle Eastern supplies, three traders said and Reuters calculations showed.China has increased…
Dutch shipbuilder Ship and Steelbuilding (SAS) has launched a new shortsea cargo vessel ordered by local owner the Longship Group. Longpower is the fourth unit in a series of eight dry cargo vessels to be built for Longship by a…
With salvage efforts underway after a cargo hold fire, CMA CGM has informed customers that it is invoking General Average for the incident involving the CMA CGM Petra.
[Brief] On Monday morning, three containers fell off the side of a boxship at the Port of Los Angeles, prompting a coordinated response from the Coast Guard and local officials. At about 1120 hours, the Coast Guard base for Los…
Asian spot liquefied natural gas prices hit their highest level since end-December 2022 as an escalation of the conflict in the Middle East, high European gas prices and strong demand ahead of winter increased competition for the limited supply.The average…
