Latest news

Continuous coverage of commodity trading, energy markets, oil and fuel oil, bunkering, tanker shipping and logistics.

A large dry bulk carrier, possibly a Newcastlemax, sailing on the ocean.

Enesel Expands Dry Bulk Fleet with New Newcastlemax Order

Greek owner Enesel has ordered a new Newcastlemax vessel, bringing its total dry bulk newbuilding orders to nine as it re-enters the sector after a year's absence.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Container ship transiting the Panama Canal

Maritime Logistics

CMA CGM Postpones Panama Canal Surcharge Amidst Restrictions

CMA CGM has delayed the implementation of its Low Water Surcharge for cargo transiting the Panama Canal from South America's west coast, as further restrictions are anticipated.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Freight

Baltic Dry Index Rises to 3,186 Points

The Baltic Dry Index, a key indicator for shipping costs of dry bulk commodities, increased by 79 points to reach 3,186 points, according to Hellenic Shipping News.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Freight

Asia-US East Coast Spot Container Rates See Modest Decline

Spot pricing for container shipping on the Asia-US East Coast trade route experienced a slight decrease this week, following a period of significant growth, according to industry indices.

28 Aug 2026 · RMG380 Newsroom · 2 min read

A view of a large port with cargo ships and cranes, or an oil pipeline stretching across a landscape.

Energy Infrastructure

Gulf Nations Boost Infrastructure Investment Amidst Regional Conflict

Gulf nations are reportedly re-evaluating their investment strategies, directing capital towards critical infrastructure projects, including energy pipelines and ports, to mitigate the impact of the ongoing conflict.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Large dry bulk carrier, possibly a newcastlemax, at sea

Chartering

Himalaya Shipping Extends Fixed-Rate Charter Coverage into 2027

Himalaya Shipping has converted two index-linked newcastlemax charters to fixed rates, securing an average of $53,000 per day and extending its rate coverage into 2027.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Oil tanker navigating calm waters at sunset, symbolizing global oil trade and market stability.

Oil Markets

Alkagesta CEO Discusses Oil Market Disruption in European Business Magazine

Alkagesta's CEO, Orkhan Rustamov, recently contributed an opinion piece to European Business Magazine, examining the structural shifts impacting global oil markets.

28 Aug 2026 · RMG380 Newsroom · 2 min read

A large tanker ship navigating a narrow waterway, symbolizing chokepoint pressures in global shipping.

Fuel Oil Trading

Chokepoint Pressures Impact Fuel Oil Markets and Shipping Logistics

Diplomatic impasses at the Strait of Hormuz and critically low Rhine water levels are creating significant logistical challenges and price volatility across global fuel oil markets, according to Alkagesta.

28 Aug 2026 · RMG380 Newsroom · 2 min read

A cargo ship navigating a waterway, symbolizing logistics and trade.

Commodity Trading

Ukraine Commodity Trading Adapts to Wartime Logistics Challenges

Commodity trading in Ukraine requires significant adaptability and expertise to navigate sustained disruptions to ports, energy infrastructure, and transport routes, according to a regional trader.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Barges navigating a river, possibly the Rhine, with low water levels visible.

Gas Oil

European Gasoil Market Faces Acute Supply Crisis Amid Rhine Issues

The European gasoil market is experiencing a severe supply-side crisis, marked by critical Rhine water levels, record-low inventories, and surging prices, according to Alkagesta.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Oil tanker navigating through a narrow strait, symbolizing the Strait of Hormuz and oil market disruption.

Oil Trading

Alkagesta CEO Discusses Oil Market Disruption in City A.M.

Alkagesta's CEO, Orkhan Rustamov, recently contributed an opinion piece to City A.M., addressing the ongoing oil market volatility and the impact of tensions in the Strait of Hormuz.

28 Aug 2026 · RMG380 Newsroom · 2 min read

A large oil tanker at sea, representing global commodity trade and transportation.

Commodity Markets

Global Naphtha Market Faces Petrochemical Pressure Amid Blending Demand

The global naphtha market in 2026 is navigating significant pressure from petrochemical oversupply, particularly in Asia, while gasoline blending provides a crucial demand outlet, according to Alkagesta.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Commodity Trading

Alkagesta Details 2025 ESG Progress in Latest Report

Global commodity trading firm Alkagesta has released its 2025 ESG Report, highlighting advancements in environmental accountability, community engagement, and governance systems.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Oil tanker at sea, representing commodity trading and petroleum products.

Oil Trading

Alkagesta Approved for Platts EMEA Naphtha MOC Process

Alkagesta has received approval to participate in the Platts Market on Close assessment process for EMEA naphtha physical, following a review by Platts, part of S&P Global Commodity Insights.

28 Aug 2026 · RMG380 Newsroom · 2 min read

A ship at sea with emissions, representing the EU ETS impact on shipping.

Commodity Trading

Alkagesta Expands Carbon Trading with EU ETS Allowances

Alkagesta has broadened its carbon trading services by incorporating EU Emissions Trading System allowances, a move highlighted by several industry publications.

28 Aug 2026 · RMG380 Newsroom · 2 min read

A large tanker ship navigating through calm waters, symbolizing global commodity trade and logistics.

Commodity Trading

Alkagesta Expands Carbon Trading and Naphtha Market Participation

Alkagesta's 2026 Annual Report highlights the company's strategic expansion into carbon trading with EU ETS allowances and its involvement in the Platts EMEA Naphtha Physical Market.

28 Aug 2026 · RMG380 Newsroom · 2 min read

A large tanker ship at sea, possibly being refueled or carrying marine fuel.

Bunkering

IMO Framework Could Boost Green Bunker Demand Fivefold by 2050

A classification society indicates that a global regulatory framework from the International Maritime Organization could significantly increase demand for low-emission marine fuels by mid-century.

28 Aug 2026 · RMG380 Newsroom · 2 min read

A large oil tanker navigating through a strait, with land visible in the distance.

Maritime Logistics

Prolonged Iran Conflict Could Sustain Hormuz Shipping Risks

A leading figure in the shipping industry suggests that markets might be underestimating the potential for a prolonged conflict involving Iran, which could keep shipping through the Strait of Hormuz risky and costs elevated.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Container ships at a busy port terminal in Singapore, symbolizing its role as a major transhipment hub.

Maritime Logistics

Singapore Reaffirms Stance Against Tariff Evasion in Trade Hub Role

Singapore's Deputy Prime Minister and Trade Minister stated the city-state will not support using its trade and logistics infrastructure to bypass tariffs, addressing US allegations.

28 Aug 2026 · RMG380 Newsroom · 2 min read

A large cargo ship with sails, representing wind assist technology, moving through the ocean.

Marine Fuel

Dual-Fuel Newbuilds and Wind Assist Offer Shipping Efficiency

Dual-fuel newbuild vessels, particularly when combined with wind assist technology, are increasingly seen as a strategy to mitigate fuel risk and enhance operational efficiency in the shipping industry.

28 Aug 2026 · RMG380 Newsroom · 2 min read

A large tanker ship navigating through a narrow strait, possibly the Strait of Hormuz, with land visible on both sides.

Maritime Logistics

Hormuz Shipping Activity Remains Low Despite Reopening Efforts

Shipping traffic through the Strait of Hormuz continues to be significantly reduced, even after efforts to clear international shipping lanes, according to OilPrice.com.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Oil tanker navigating through a narrow strait, possibly the Strait of Hormuz, with a clear sky.

Oil Trading

WTI Crude Futures React to Hormuz Developments and Geopolitical Tensions

WTI crude oil futures experienced significant volatility, initially falling on reports of a potential shipping agreement in the Strait of Hormuz before rebounding due to new geopolitical events.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Oil tanker navigating through the Persian Gulf, with a clear sky.

Oil Trading

Persian Gulf Oil Exports Recover to Two-Thirds of Pre-War Levels

Oil volumes departing the Persian Gulf have reportedly rebounded to approximately two-thirds of their typical pre-conflict levels, according to analysis by Goldman Sachs.

28 Aug 2026 · RMG380 Newsroom · 2 min read

An offshore gas platform or energy infrastructure

Natural Gas

Technip Energies Secures Engineering Role for ADNOC Offshore Gas Project

Technip Energies has been selected to provide detailed engineering services for a significant offshore gas development by ADNOC, as reported by Offshore Energy.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Tankers

European and Canadian Owners Order Four Product Tankers in China

A consortium of European and Canadian shipowners has placed an order for four new product tankers with China Merchants, expanding the Vinga series to 26 vessels.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Tankers

Tanker Seized by Somali Pirates Had History of Tracking Disappearances

Data from Pole Star Global indicates that a Tanzanian-flagged tanker, recently seized by Somali pirates, had a consistent pattern of vanishing from vessel tracking systems for prolonged durations.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Maritime Logistics

South African Court Upholds Vessel Arrest in Associated Ship Case

South Africa's Supreme Court of Appeal recently affirmed the arrest of the mv Haralambos, a ruling with significant implications for evidence assessment and burden of proof in associated ship arrests.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Bunkering

Petrobras Resumes VLSFO Bunker Sales at Itaqui Port

Petrobras has restarted VLSFO bunker sales at Brazil's Port of Itaqui, according to a customer update, following a postponement of planned pipeline maintenance for the fuel.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Tankers

Ardmore Shipping Expands Tanker Fleet with Two New Wuhu Vessels

Ardmore Shipping has exercised options for two additional handysize product and chemical tankers at China's Wuhu Shipyard, bringing its total newbuilding program to six ships.

28 Aug 2026 · RMG380 Newsroom · 2 min read

A large container ship navigating a port channel, with cranes visible in the background.

Ports

Port Qasim Deepens Channel Amid Rising Transshipment Volumes

Pakistan's Port Qasim is undertaking a significant capital dredging project to enhance its navigational channel, aiming to accommodate larger vessels and capitalize on a substantial increase in transshipment activity.

28 Aug 2026 · RMG380 Newsroom · 2 min read

A large container ship or tanker at sea, representing maritime industry.

Maritime Logistics

Danish Maritime Firms Target India's Shipbuilding Clusters

Danish companies manufacturing maritime equipment and propulsion systems are exploring opportunities in India, following the Indian government's announcement of a significant support package and ambitious goals for its maritime sector.

28 Aug 2026 · RMG380 Newsroom · 2 min read

An offshore oil platform operating in the Caspian Sea.

Oil Trading

BP Completes Caspian Sea Platform Turnaround Ahead of Schedule

BP has successfully concluded a planned maintenance turnaround at its Caspian Sea platform earlier than anticipated, with production now increasing towards pre-maintenance levels.

28 Aug 2026 · RMG380 Newsroom · 2 min read

A large container ship docked at a port, with cranes in the background.

Maritime Logistics

Vanuatu Advances Digital Ship Clearance with Maritime Single Window

Vanuatu has made progress in establishing a Maritime Single Window (MSW) following a national seminar, aiming to streamline information exchange for ships calling at its ports.

28 Aug 2026 · RMG380 Newsroom · 2 min read

An offshore platform with a gas pipeline extending into the sea in the Gulf of Suez.

Energy Infrastructure

PMS Completes 18km Gas Pipeline and Platform Upgrades in Gulf of Suez

Petroleum Marine Services has concluded a significant development project in Egypt's Gulf of Suez, enhancing infrastructure for an offshore field operated by Gempetco.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Solar panels at a large-scale solar farm in India

Renewable Energy

India Exceeds 300 GW Non-Fossil Power Capacity Milestone

India has surpassed 300 gigawatts of non-fossil fuel-based electricity generation capacity, positioning the nation well to achieve its 2030 renewable energy targets, according to OilPrice.com.

28 Aug 2026 · RMG380 Newsroom · 2 min read

A large container ship docked at a busy port terminal with cranes loading and unloading cargo.

Ports

Port of Drammen Joins Portchain Connect Network

The Port of Drammen has integrated into the Portchain Connect network, aiming to streamline berth alignment processes for shipping lines through Greenport Services.

28 Aug 2026 · RMG380 Newsroom · 2 min read

Tankers

Four Shipowners Order VINGA Product Tankers for 2028-2029 Delivery

Four shipowners from Sweden, Norway, and Canada have placed orders for four new VINGA product tankers, expanding the Furetank-developed series to 26 vessels.

28 Aug 2026 · RMG380 Newsroom · 2 min read

An oil refinery complex with multiple towers and pipelines under a clear sky.

Refineries

Pakistan's Five Refineries Plan $6 Billion Upgrade Investment

Pakistan's five oil refineries are preparing to sign agreements in early September to initiate upgrades, aiming to attract significant investment into the country's refining sector.

28 Aug 2026 · RMG380 Newsroom · 2 min read