India will likely see robust growth in oil product demand in the second quarter, led by wedding season, summer holiday travel and agricultural activity, however, uncertainty related to trade policies and tariffs could cast a shadow on exports, analysts and trade sources told Platts. The 10-month...
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Survival of the fittest: European refiners jostle to outlast closures
For years, European refiners have been preparing for a cull. Now, as the first shutdowns have begun, investors are betting on which sites can survive, hoping for a brief bump in margins in reward. As Europe has pushed to decarbonize, the outlook has clouded for its fossil fuel business. European...
Marlow Navigation launches crew helpline with ISWAN
At the beginning of 2025, Marlow Navigation launched a dedicated emotional support service in partnership with the International Seafarers’ Welfare and Assistance Network (ISWAN) to ensure support for its seafarers is available around the clock. Specialising in third-party crew and ship management...
https://www.hellenicshippingnews.com/marlow-navigation-launches-crew-helpline-with-iswan/
US sanctions shipping companies, vessels for delivery oil and gas to Houthis
The United States imposed sanctions on Monday on three vessels and their owners for delivering oil and gas products to Yemen’s Houthis, as Washington continues to put pressure on the Iran-backed rebels over their attacks on Red Sea shipping. The sanctions targeted Marshall Islands-registered Zaas...
Oil falls as economic jitters dampen demand outlook
Crude oil prices fell on Tuesday as investors lowered their demand growth expectations due to the ongoing trade war between the United States and China, the world’s two biggest economies. Brent crude futures fell by 51 cents, or 0.8%, to $65.35 per barrel by 0635 GMT. U.S. West Texas Intermediate...
https://www.hellenicshippingnews.com/oil-falls-as-economic-jitters-dampen-demand-outlook/
SHIPPING: Tariffs push container rates from SE Asia, Vietnam above China-US rates
Rates for shipping containers from southeast Asia and Vietnam have risen above rates from China to the US as tariffs – and a 90-day pause on reciprocal tariffs – are already shifting global trade patterns. Peter Sand, chief analyst at ocean and freight rate analytics firm Xeneta, said he is now...
Tariffs may mean more US steel jobs. Will there be workers to fill them?
Thomas Reisinger commutes almost an hour-and-a-half each way for a job in a cavernous steel processing plant here. “I don’t speed,” he said dryly. Some of his coworkers come from much farther, including one who spends workweeks living in a camper and returns home only at weekends. This corner of...
GMS Week 17 – PRECARIOUS!
As Team Trump finally concedes defeat and retreats on its tariff plans not only for the entire world, but also on China by confirming that the tariffs won’t be “anywhere near the 145%” as originally tweeted. And while some saw a semblance of sanity pervading through, others are now suspecting...
https://www.hellenicshippingnews.com/gms-week-17-precarious/
New Atlantic ECA links Europe and North America
At the 83rd session of the IMO’s Marine Environment Protection Committee (MEPC 83) , the MEPC approved a proposal to designate the North-East Atlantic Ocean as an ECA for nitrogen oxides (NOx), sulphur oxides (SOx) and particulate matter (PM) emissions, amending MARPOL Annex VI Regulations 13 and...
https://www.hellenicshippingnews.com/new-atlantic-eca-links-europe-and-north-america/
Japan mulls buying more US corn as part of tariff talks, Nikkei reports
Japan is considering increasing its corn imports from the United States as part of trade negotiations over President Donald Trump’s sweeping tariffs, the Nikkei reported on Friday. The U.S. exported $2.8 billion worth of corn to Japan in 2024, to counter an 80% drop in exports to China. Hiroshi...