Singapore Bunker Fuel Market Expected To Hit $24.5b By 2030

The Singapore bunker fuels market was estimated at $17.6 billion in 2020 and is expected to hit $24.5 billion by 2030, registering a CAGR of 3.5% from 2021 to 2030, reads a GlobeNewsWire press...

Oil Prices Crash Amid Omicron Panic

Crude oil prices took a dive on Monday morning with WTI crashing 6% on the day as fresh Omicron fears spooked the market, reports Oil Price. Oil prices plunge At 11:32 a.m. EDT, WTI crude was...

Top 5 Oil & Gas Picks for 2022

2021 has been a strong year for many energy companies Crude prices are falling this holiday season, but there’s enough reason to be optimistic U.S. oil and gas companies continue to see strong...

How the West Invited China To Eat Its Lunch

China’s lack of economic freedom is one reason why the nation is the world’s largest polluter and emits more carbon dioxide than the rest of the developed world combined. To counteract China’s environmental...

Asian Markets Witness Sharp Rise in Coal Inflow Amid China Vacuum

For Australian coal, which has faced restrictions in the Chinese market since late 2020, new windows of opportunities have opened up. Many other Asian markets – such as India, Japan, South Korea and Taiwan...

Castor Maritime Acquires Vessel Worth $23.55m

Castor Maritime Inc., through a separate wholly-owned subsidiary, entered into an agreement to acquire a 2012 Japanese-built Panamax dry bulk carrier from a third-party, for a purchase price of $23.55 million, says a press...

Maersk – Unilever Inks Strategic Logistics Partnership Deal

Maersk - Unilever sign an international freight supply chain management partnership effective from 2022. A four-year agreement to develop and manage Unilever’s International Control Tower Solution. Maersk signed an international freight supply chain management...

Biden Govt Urges Global Ocean Carriers To Accept More Export Freight

The Biden administration on Friday again urged global ocean carriers to accept more export freight and restore service at underutilized West Coast ports to ease supply chain constraints and give U.S. agriculture companies a...

Asia Light Ends: Key Market Indicators For Dec 20-24

Asia's light end markets opened the trading week starting Dec. 20 weighed down by the decline in crude values following an increase in coronavirus cases globally and country lockdown measures, says an article published...

Korean Shipbuilders Focus On LNG Carrier

A growing number of shipbuilders are turning to eco-friendly vessels as the shipping industry will face strengthened requirements on carbon emissions in the coming years. Shipping accounts for about 3 percent of...