Economy

Oil traders experienced a mild surge of hope on Friday as Hamas’s release of two U.S. hostages from Gaza was interpreted as a potential sign of an easing conflict between Israel and Hamas. This optimism was mirrored in the oil market as prices saw a slight drop. Brent closed a modest drop of 22 cents […]

Evidence of VLSFO Quality Diminishing  Bureau Veritas’ bunker monitoring segment, Verifuel, recently released a report shedding light on an intriguing trend. It noted an increase in the proportion of off-spec Very Low Sulphur Fuel Oil (VLSFO) samples in the third quarter of 2023. The off-spec percentage, at approximately 1.5%, reflected an increase from 1.4% in

Traversing the Terrain of Journalism Adis, a seasoned reporter, presents a rich blend of experience in various sectors- finance, media, and education being his main forte. His writing prowess has illuminated numerous facets of the offshore energy and ocean industries for a considerable period. He is a proud affiliate of the prestigious International Federation of

Sustainable energy conglomerate, FincoEnergies, acclaimed for green initiatives like GoodFuels and GoodShipping, has taken an audacious leap by extending its business into the Americas. The freshly launched offshoot, ‘FincoEnergies Americas’ marks the company’s first entry into this growing region of global influence. Kimberly Westmoreland is taking the reins as the managing director, as articulated in

From the bustling dockyards of Norway emerges a sea marvel, the MS Richard With. Hurtigruten’s pride and Kongsberg Maritime’s brilliant testament to eco-friendly maritime technology, this ship celebrates its first year back in service after an amazing refit. With a remarkable reduction in CO2 emissions by 23%, this vessel is indeed charting a new course

In an unpredictable trading week, investors displayed an emotional roller-coaster. They oscillated between fears of dwindling demand due to the escalating Israel-Hamas conflict and subsequent dismissal of the impact. However, Friday marked a significant turnaround, with oil prices skyrocketing by 6 percent as stakeholders interpreted the war might indeed widen its scope. West Texas Intermediate

Riding the Waves to Profit: Russian Oil Producers Russian oil producers are reveling in the most economical transport costs to refiners in China and India in nearly a year, due to an upswing in the number of vessels navigating these routes. According to industry insiders, new shipping operators working outside Western jurisdiction enable Russian firms

A new focal point is surfacing for Russian oil’s ship-to-ship (STS) transfers. The ratio of rendezvous in this area throughout 2022 was barely one per month. However, according to data obtained from Windward, there has been a drastic escalation of 400% in the current year.  Deception through Navigation System Manipulation Simultaneously, Windward’s tracking systems picked

The Chinese Thirst for Crude Oil China’s oil consumption in the upcoming year, pivotal to the prosperity of global tanker trades, is subjected to intense debate. The People’s Republic, unquestionably the world’s leading crude oil importer, has witnessed a steady revival in its oil demand throughout 2023 post-COVID. According to forecasts from the International Energy

The Ebb and Flow in India’s Coal Imports Filipe Gouveia, a Shipping Analyst at BIMCO, points out an interesting trend in the coal trade industry during the initial nine months of 2023. India, the world’s second-largest seaborne coal importer saw a 9% y/y (year over year) drop in its coal shipments. The slack was picked