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Russia’s petrol crunch sends Moscow shopping for Indian fuelRussia has imported petrol from India for the first time as Ukrainian attacks on its refineries deepen domestic fuel shortages. Kpler data ...- Oil Price Today (August 12): Crude oil reclaims $90 again after fresh attacks on ships. What are experts saying?Brent crude futures were up 72 cents, or 0.81%, at $89.63, while US West Texas Intermediate (WTI) crude gained 71 cents, or 0.85%, to $83.9...
- Houthi attack on small cargo ship in Red Sea kills four crew membersA cargo ship was attacked by Yemen's Iran-aligned Houthis, killing four crew members. The Tanzania-flagged Tihamah was hit by an unknown pr...
- Russia's oil exports to Asia via Arctic route start strongly, sources say and data showsRussia is shipping crude oil via its Arctic route faster than last year. Seven cargoes carrying six million barrels are already heading to ...
- Shiprocket raises Rs 727 crore from anchor investors ahead of IPO launchThis comes ahead of Shiprocket's IPO launch on August 12. The public issue, which is Rs 1,617 crore in size, will value the Temasek and Ber...
- Italian divers found a 2,100-year-old Roman shipwreck beneath 151 feet of water; its cargo still held about 500 wine jarsAn underwater fisherman discovered a Roman shipwreck near Mazara del Vallo. Hundreds of ancient wine jars, called amphorae, were found pile...
- Mark Zuckerberg’s $300 million yacht Launchpad was nearby as Alaska cruise ship rescued stranded skiff after it ran out of fuel. Meta CEO explains why yacht did not respond immediatelyMark Zuckerberg’s $300 million yacht Launchpad was reportedly near a stranded 21-foot skiff in Southeast Alaska after the boat ran out of f...
- Trump extends Jones Act waiver for 90 days, narrows scopeUS President Donald Trump has extended a waiver allowing foreign-flagged ships to transport oil and other commodities between US ports for ...
- Batten down, ride out shipping stormShips are increasingly steering clear of the Suez Canal, resulting in port congestion and longer shipping times than usual. Driven by elect...
- Trump extends Jones Act waiver with some limitations, White House official saysUS President Donald Trump has approved a Jones Act waiver extension. This waiver aims to reduce gas prices by increasing shipping flexibili...
- Zuckerberg faces questions after $300 million superyacht reportedly fails to respond to stranded boat in AlaskaThe superyacht owned by Mark Zuckerberg, named Launchpad, found itself in hot water for not replying to a Coast Guard request as a nearby s...
- Indian exporters suffer twists and turns of freight amid Lanka, Singapore transhipment jamIndian exporters face delays due to congestion at Singapore and Colombo ports. A surge in China-US trade is reducing container availability...
- Passage of ships to Black Sea continues smoothly, Turkish officials sayCommercial ships continue to pass through Turkey’s straits into the Black Sea despite heightened security concerns following attacks on ves...
- Iran says Hormuz deal with Oman close, but strait reopening hinges on US concessionsIran and Oman are nearing a deal for a new shipping route through the Strait of Hormuz. This agreement is seen as vital for ending the ongo...
- India sails past China with 27% more officers steering the world’s shipsIndia has overtaken China in supplying merchant shipping officers, with 140,718 officers compared with China’s 110,893, according to the BI...
- Turkey restricts some Black Sea ship traffic amid security concernsTurkey is restricting some commercial vessel traffic into the Black Sea amid rising Russian and Ukrainian attacks on merchant ships, Bloomb...
- Indian manufacturers turn to air freight as West Asia crisis disrupts sea shipmentsIndian manufacturers are airlifting components to ensure festive season production continuity. Sea freight delays and congestion are making...
- Taipei says China's traffic control order for Taiwan Strait during typhoon is 'ridiculous'Taiwan has called China's traffic control attempts in the Taiwan Strait ridiculous. Beijing claims the strait and has imposed measures due ...
- Reliance Industries books supertanker at record $23-25 million freight to lift Iraqi crudeReliance Industries paid a record sum to charter a supertanker for Iraqi crude oil. This reflects a limited vessel pool and soaring voyage ...
- Hormuz uncertainty pushes landed costs up to 50%, raising risk of higher consumer pricesThe escalating unrest near the Strait of Hormuz is causing a notable spike in shipping expenses for businesses in India. An increase in fre...
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