India has emerged as the leading source of growth in global oil consumption in 2024 and 2025, overtaking China this year, according to our December Short-Term Energy Outlook (STEO). China’s oil consumption grew by more than India’s in almost every year from 1998...

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Wärtsilä Gas Solutions, part of technology group Wärtsilä, has signed a three-year Service & Maintenance Agreement with Greek fleet-owner GasLog LNG Services. The agreement covers five 180,000 m3 LNG Carrier vessels, all of which are fitted with Wärtsilä mixed...

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Nippon Yusen Kabushiki Kaisha (NYK) and Yusen Logistics Co., Ltd. (YL) have introduced a digital platform for managing greenhouse gas (GHG) emission reductions*. The platform is provided by 123Carbon B.V. (123Carbon), a Netherlands-based startup working on...

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The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended losses to a 17-month low on Thursday, dragged down by weaker rates across capesize and supramax vessel segments. The index, which factors in rates...

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Technology group Wärtsilä’s focus on supporting the marine industry’s efforts to decarbonise operations continues to drive concrete steps forward. The latest order is to supply a complete propulsion package for a 38,000 DWT methanol-ready cement carrier vessel. When...

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Bureau Veritas Marine & Offshore (BV), a world leader in testing, inspection, and certification, is partnering with Samsung Heavy Industries Co., Ltd. (SHI), a leading global shipbuilding and offshore engineering company, to develop Floating CO2 Storage Units...

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