Baltic Index Gains For Third Straight Week On Higher Capesize Demand

The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, was little changed on Friday but registered a third straight weekly gain on the back of strong gains in the capesize vessel segment. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, fell 1 point, …

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EU Sanctions Start to Disrupt Clean Product Exports from Nayara’s Vadinar Refinery

The European Union’s latest sanctions on Nayara Energy, India’s Rosneft-linked refiner, are beginning to impact clean product flows out of the Vadinar terminal visibly. Oil flows voyages tracking India-origin seaborne shipments show that the Naraya Vadinar Refinery handles roughly 10.5% of total Indian clean exports. A closer examination of India’s monthly clean oil exports shows …

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UK project to tackle skills gap in maritime sector’s adoption of low and zero-carbon fuels wins CMDC funding

A cross-sector consortium comprising the marine fuels training, conference and publishing firm ship.energy, shipping and logistics company DFDS, IBIA – The International Bunker Industry Association, and the University of Plymouth has been successful in its application for funding under the sixth round of the UK’s Clean Maritime Demonstration Competition. The Skills 4 Future Maritime Fuels …

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Middle East tensions ripple through global gas markets

The delicate balance of the global natural gas market remains acutely sensitive to geopolitical tremors, a reality underscored by recent events in the Middle East. While energy flows through critical chokepoints like the Strait of Hormuz largely remained uninterrupted, localised disruptions, notably to Israel’s piped gas exports, sent immediate ripples across the Eastern Mediterranean and …

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