Xmar: 100,000 Metric Tons of Bunker Fuel Traded
Xmar, the fast-growing digital bunker trading platform, has facilitated the trade of over 100,000 metric tons of bunker fuel through more than 200 deals in less than six months since launching.Operating with a network of over 1,500 verified suppliers across 500 global ports, Xmar provides buyers with access to competitive bunker fuel offers and enhanced market reach. The platform streamlines the bunker fuel procurement process by offering real-time pricing, transparent terms, and various credit options.Xmar was launched to solve the persistent inefficiencies in the bunker fuel supply chain.
Oil and Gas Traders to Seek Tariffs Exemptions from China for US Imports
Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and liquefied natural gas (LNG) imports from February 10, trade sources said on Thursday.Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S. coal and LNG and 10% for crude oil as well as on farm equipment and some autos, starting on February 10.Four tankers, carrying 6 million barrels of U.S.
Iranian VLCC Turns Around After Assad’s Fall
A tanker carrying Iranian oil to Syria turned round in the Red Sea to head away from its original destination after the fall of Syrian President Bashar al-Assad, according to ship tracking data.The Suezmax tanker Lotus, carrying around 1 million barrels of Iranian oil, turned around just before the Suez Canal on Dec. 8 to start sailing southbound in the Red Sea, according to maritime data analytics firm Kpler.Tanker Trackers, another ship tracking source, also reported Lotus' turnaround in the Red Sea.The Iran-flagged tanker, laden with crude loaded on Iran’s Kharg Island, was sailing southbound in the Red Sea off Egypt, and was not signalling a new destination…
