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India

Turkey cuts Russian Urals imports amid sanctions, switches to new sources

Turkey sharply reduced its imports of Russia’s flagship Urals crude oil in November, shipping data from energy consultancy Kpler showed, as Western sanctions on...

Tough Year for Ship Recyclers

Global market chaos continues post-Thanksgiving, reports cash buyer GMS. “Steel plate prices were the highlight of the entire sub-continent—and even China—where they unanimously retreated...

West African crude diffs stable, awaits Asian tender results

West African crude oil differentials were stable on Monday, as market participants awaited the results of fresh tender activity in Asia. Indonesia’s Pertamina had a...

Turkey Cuts Russian Urals Oil Imports, Turns to Kazakh, Iraqi Supply

Turkey sharply reduced its imports of Russia’s flagship Urals crude oil in November, shipping data from energy consultancy Kpler showed, as Western sanctions on...

X-Press Pearl Compensation Dispute with Sri Lanka Intensifies

The London P&I Club, acting as assurer to the owners of the MV X-Press Pearl, is intensifying its approaches to the authorities in Sri...

From Sanctions to Shadow Fleets: Key Forces Shaping the Tanker Market Outlook

Gibson Shipbrokers reports that ongoing peace talks over the Ukraine conflict continue to cast a shadow over tanker markets this week. While there’s potential...

Top 10 shipbrokers 2025

01 / Andi Case, Clarksons Clarksons remains by far the world’s largest shipbroker and, while the London-listed company reported a 25% drop in first-half 2025...

5 Christmas crackers: the events the market didn’t see coming in 2025

Hal Cook, senior investment analyst, Hargreaves Lansdown: “2025 has delivered a number of surprises and, like Christmas crackers, some ended up being underwhelming. Here are...

The Big Picture: Peace in Ukraine Good or bad for tanker freight?

The prospect of peace in Ukraine may push Russian oil back to pre-war routes. That could shrink “tonne-miles” — a key driver of high...

Equinor and Shell launch UK North Sea oil and gas joint venture Adura

Equinor and Shell have launched a new company, Adura, combining their UK offshore oil and gas operations. The company will operate as an independent oil...
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