Friday, Sep 12, 2025

The World of Petroleum and Bitumen

Rare Naphtha Shipments Restart from Singapore's Bukom Refinery

Singapore's Bukom refinery has begun naphtha export business, its first such shipment in years, WPB says. The move comes after a long and unexpected ...

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Russia Expands August Oil Export Schedule Following Refinery Disruptions

WPB citations that Russia has expanded its crude export schedule from western ports by some 200,000 barrels per day in August, surpassing the initial...

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India to Advance Maritime Sector with Special Space-Based Technology

The Indian Government is considering launching a dedicated satellite system or using a specialized transponder to improve its maritime sector, accord...

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India Expands Maritime Development Fund to Finance International Shipbuilding Plans

According to WPB, the Government of India has decided to substantially raise the planned Maritime Development Fund (MDF) to as high as €70,000 cror...

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Denmark Tests Distant Ship Pilotage, Blending Tradition and Digital Innovation

WPB states that Denmark has initiated a groundbreaking pilot scheme allowing maritime pilots to remotely steer ships from shore-based control centers...

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US Sanctions Reshape SeaLead's Business Model

According to WPB, Singapore container shipping line SeaLead has made a significant adjustment in the way it does business following the addition of s...

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Hyundai Glovis Charts New Course for a New Era with the World's First AI-Guided Autonomous Car Carrier Ships

According to WPB, a groundbreaking transformation in maritime logistics is on the horizon as Hyundai Glovis, South Korea's top global shipping compan...

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Floating Data Centers: A New Wave in AI Infrastructure Deployment

According to WPB, a groundbreaking initiative is underway to redefine the future of digital infrastructure; this time, far from land. A strategic col...

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Rising Instability and Market Shifts Reshape Global Shipping Outlook

According to WPB, the global shipping industry is navigating a period of heightened uncertainty, with key trade corridors under threat and major econ...

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China Launches Its First Smart Deep-Sea Research Vessel

According to WPB, China has introduced a new milestone in its maritime scientific capabilities by commissioning its first intelligent deep-sea resear...

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Rising Insurance Premiums in the Red Sea as Maritime Security Deteriorates

According to WPB, the cost of securing ships navigating through the Red Sea has significantly risen, following renewed assaults on commercial vessels...

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Tensions at Sea: Assessing the Ripple Effects of the Iran–Israel Clash on Global Maritime Trade

According to WPB, recent military tensions between Iran and Israel sent significant shockwaves through the international shipping sector. As two infl...

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Maritime Carbon Capture Milestone: Shanghai Launches First CO₂ Transfer Between Ships in Open Waters

According to WPB, a major leap in sustainable maritime innovation has been achieved by Shanghai through the world’s first successful ship-to-ship c...

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Red Sea Shipping Instability: Strategic and Security Challenges Intensify in June

According to WPB, the Red Sea remains a vital maritime corridor, serving as a nexus point for global trade, energy transportation, and international ...

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LNG-Powered Bitumen Carrier Strengthens McAsphalt’s Fleet and Sustainability Goals

According to WPB, McAsphalt Industries, a prominent Canadian producer and supplier of asphalt and bitumen, has recently added a cutting-edge LNG-fuel...

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Shipping Giants Reshape Global Trade Routes as Industry Transforms

According to WPB, the global maritime industry is witnessing a profound reconfiguration of its operational landscape, driven by evolving trade polici...

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Navigating change: crucial maritime developments as of May 2025

According to WPB, the maritime industry is undergoing transformative changes shaped by progress in environmental initiatives, technological breakthro...

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India’s Green Shipping Gains Strategic Momentum

According to WPB, India’s maritime sector is entering a critical phase where environmental sustainability is no longer a peripheral goal but a stra...

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CMA CGM Restructures Fleet Strategy to Bypass U.S. Charges on Chinese-Made Ships

According to WPB, French maritime giant CMA CGM has decided to reorganize the deployment of its vessels across global routes in an effort to sidestep...

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Steel-Cutting Ceremony Marks Progress on Second Hybrid Offshore Wind Vessel for North Star

According to WPB, Cochin Shipyard Limited (CSL), a prominent entity in India’s public sector shipbuilding industry, has commenced the steel-cutting...

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