Bloomberg Covers Alkagesta’s Acquisition of Energy Petrol in Türkiye
Bloomberg covered Alkagesta’s agreement to acquire Turkish marine fuel distributor Energy Petrol, marking the trader’s first move into vessel ownership.
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More →Maritime LogisticsElena Marsh
China’s Iron Ore Imports Rise 4.1% to Bolster Dry Bulk Shipping
China's seaborne iron ore imports grew 4.1 percent year-on-year to 967.8 million tonnes in the first nine months of 2026, providing key support for dry bulk shipping.
Maritime LogisticsElena Marsh
Maritime Leaders Urge IMO Regulatory Action to Drive Global Energy Transition
Maritime executives meeting in Shanghai have called for binding International Maritime Organization regulations to convert early decarbonisation moves into an industry-wide transition ahead of crucial policy negotiations in December.
Shipping & LogisticsElena Marsh
Panama Port Development Faces Supreme Court Review Amid Environmental Feud
A proposed 260-million-dollar port development on Panama's Pacific coastline has triggered a legal dispute before the nation's Supreme Court amid conflicting environmental and regional commercial claims.
Oil MarketsElena Marsh
US Rig Count Holds at 603 as Crude Benchmarks Surge Past $100
The US total drilling rig count remained flat at 603 for a second straight week despite rising crude benchmarks, according to the latest industry data published by Baker Hughes.
Oil MarketsElena Marsh
US Approves Emergency 400,000-Barrel SPR Crude Loan for Phillips 66 Refinery
The US Department of Energy has approved an emergency crude oil loan of up to 400,000 barrels from the Strategic Petroleum Reserve to support Phillips 66's Lake Charles refinery in Louisiana.
Oil MarketsElena Marsh
LNG Canada Phase 2 FID Doubles Kitimat Capacity to 28 MTPA
A joint venture led by Shell has approved the Phase 2 expansion of LNG Canada, doubling terminal capacity to support growing Asian demand via direct Pacific shipping routes.
Oil MarketsElena Marsh
Rare Earth Processing Capacity Becomes Critical Bottleneck Amid Military Munitions Depletion
Western efforts to replace rare earth minerals face persistent delays as extensive qualification timelines and depleted US military stockpiles turn industrial manufacturing capacity into an immediate strategic priority.
PortsElena Marsh
Russian Urals FOB Prices Slump to Six-Week Lows Near $80
Urals crude prices at Russian Baltic and Black Sea ports have dropped to six-week lows near $80 per barrel amid softer benchmarks, high freight, and weakening Asian refining margins.
Commodity TradingSofia Lindqvist
When "Sanctioned" Is for Sale: Reputation Attacks on Commodity Traders
How paid mirror-site networks use fake sanctions and investigation claims against commodity traders, and how compliance teams can verify the record.
Maritime LogisticsElena Marsh
Chinese Yards Dominate Newbuilding Contracts as Tanker Demand Rises
Shipowners have stepped up newbuilding contracting across tankers, bulkers and containerships at Chinese yards, while tight crude tanker supply continues to drive firm secondhand values, according to broker reports.
Oil MarketsElena Marsh
UK Grid Balancing Costs Surge to Record Highs Amid Bottlenecks
Bottlenecks in transmission infrastructure have driven British grid balancing costs to £500 million in September, even as renewable output remained abundant, according to market reporting.
Maritime LogisticsElena Marsh
VLCC Market Sees Divergent Trends in Speeds and Regional Supply
Hellenic Shipping News Worldwide reports a divergence in VLCC sailing speeds and regional vessel supply, with ballast ships accelerating while laden vessels slow down, impacting overall voyage turnaround.