OSM Thome, a global leader of technical, crew and marine services to the offshore and maritime industry, has signed an agreement with Kaiko Systems, a pioneer in mobile-first, AI-powered ship inspection technology. The scope of this agreement is to deploy Kaiko...

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U.S. exports of crude oil to China, the world’s top oil importer, have rebounded in October from their lowest levels since 2020 amid weak Chinese fuel demand and refinery profits,but the outlook for growth in exports is glum, according to ship tracking service Kpler....

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Asia’s spot premium for very low sulphur fuel oil (VLSFO) fell to a six-week low on Monday as competitive offers weighed on the market. The Singapore cash premium for VLSFO was pegged below $6 a metric ton, though backwardation in prompt trading months held stable....

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At least five cargoes of liquefied natural gas have diverted from Asia to Europe in the past few days, drawn by higher gas prices on the continent after Russia’s Gazprom halted supplies to Austria’s OMV, data from analytics firm Kpler showed. On Saturday Gazprom...

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DNV has signed a Memorandum of Understanding (MoU) with Seatrium, a leading engineering solutions provider to the offshore and marine industries, to cooperate on strategic activities and projects in the areas of engineering, technology and new product design. Under...

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The European Union has widened its sanctions against Iran over Tehran’s support of Russia in its war with Ukraine, the European Commission said on Monday. The Commission said it had added the Islamic Republic of Iran Shipping Lines (IRISL) and its director Mohammad...

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