Asia crude oil: Key market indicators for March 21-25

Crude oil prices are expected to remain volatile, with the uptrend intact, in the week ending March 25 amid a reduction in Russian supply and continued recovery in global oil demand from COVID-19. At 0200...

Crude Oil Futures Climb For Third Day

Crude oil futures were higher in mid-morning Asian trade March 21, as the supply outlook remained tight on the back of reduced Russian supplies and a continued recovery in global oil demand from the...

Ningbo Containerised Freight Index

Weekly composite index covering 20ft, 40ft and Hi Cube box rates says an article published in Baltic Exchange. Ningbo Shipping Exchange Route 2022-3-18 2022-3-11 Weekly change (%) Ningbo - Europe 4803.39 4877.79 -1.53 Ningbo - West Mediterranean 5145.11 5286.78 -2.68 Ningbo - East Mediterranean 4190.80 4236.50 -1.08 Ningbo - Middle East 2556.35 2736.37 -6.58 The weeklyNingbo...

Ukraine Invasion Turns “Dancing App” Into The World’s First “TikTok War”

Many have called the invasion of Ukraine the world’s first “TikTok war”, and experts say it is high time for the short video platform – once known primarily for silly lip-syncs and dance challenge...

Owing To Prohibition Of Russian Oil, Crude Prices Hiked

Oil prices rallied early on Monday amid EU consultations about potentially joining the U.S. in banning imports of Russian oil. WTI Crude was up 3.87% at $108.91 and Brent Crude was trading up...

Chinese Airliner Goes Down With 132 People Onboard

A China Eastern Boeing 737-800 with 132 people on board crashed in the southern province of Guangxi, reports CNN. No report of death or injury  The Civil Aviation Administration of China said in a statement the...

Stricter Controls For Foreign-Owned Offshore Vessels

US Senator Bill Cassidy introduced the American Offshore Worker Fairness Act. The bill provides a level playing field between U.S. flagged vessels and foreign-flagged vessels working in offshore energy activities in U.S. waters, reports...

Choppy Sea Drifted Tanker Dangerously Close To Shore

Product tanker CHEM P in rough weather dragged anchor and drifted close to the northeast coast of Malta on Mar 19, reports Maritime Bulletin. Impact of rough weather Product tanker CHEM P in rough weather dragged...

What You Need To Know About Volatile Organic Compounds?

Volatile Organic Compounds (VOCs) are organic compounds that have high vapour pressure and low solubility in water. VOCs have diverse definitions and many countries have classified them accordingly to regulate air pollution and...

BWMS Chosen for Robotic Vessels

VARD has awarded Norwegian Greentech a contract for ballast water treatment systems (BWTS) for six marine robotic vessels to be built at Vard Vung Tau in Vietnam, says an article published in Riviera Maritime...