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U.S. will collapse Iran’s economy by shutting down its oil industry, Treasury secretary says

President Donald Trump’s sanctions against Iran are designed to shut down the country’s oil industry and “collapse its already buckling economy,” Treasury Secretary...

Algoma Central Corporation Takes Delivery of Three Vessels Within One Week

Algoma Central Corporation has achieved a significant milestone, taking delivery of three new ships, from three different countries, within one week for the...

AET and Fleetzero Sign Agreement to Develop World’s Longest-Range Hybrid Electric Vessel

AET, a leading global owner and operator of maritime transportation assets and specialised services, and Fleetzero, a developer and manufacturer of modular marine...

2024 saw Hempel deliver its best EBITDA result to date and welcome CVC as minority investor and strategic partner

In an historic year, Hempel achieved an adjusted EBITDA of EUR 392 million and an adjusted EBITDA margin of 17.9% and welcomed CVC...

Bipartisan T&I Committee Leaders Urge E.U. to Stop Circumventing Proper Diplomatic Channels in Effort to Undermine U.S.

The bipartisan leadership of the U.S. House Transportation and Infrastructure Committee and the Coast Guard and Maritime Transportation Subcommittee raised significant concerns about...

WinGD X-DF cuts methane slip in final VCR technology shop tests

Swiss marine power company WinGD has completed shop tests of its groundbreaking variable compression ratio (VCR) technology. The results confirm that methane reductions...

The ESPO Award 2025 will reward port innovative strategies /or policies aimed at attracting more women to work in por

The ESPO Award on Social Integration of Ports is entering its 17th edition in 2025, and this year's theme is “Women in Ports.” Recognising...

Driving Growth And Innovation To Strengthen Maritime Competitiveness And Resilence

The Maritime and Port Authority of Singapore (MPA) will build on the strong maritime performance in 2024 with a continued focus on growth...

Naphtha down 5% this week, gasoline falls below $7/bbl

Asia’s naphtha prices shrank by about 5% this week in tandem with weakness in crude oil benchmarks and margin came under pressure from...

HSFO premiums extend climb; VLSFO holds in discounts

Spot premiums for high sulphur fuel oil (HSFO) extended gains in Asia on Friday, while very low sulphur fuel oil (VLSFO) held in...
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