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Friday, 25 September 2026 Reading Room

Business

India to honor oil product export commitments despite global supply concerns: Puri

India will honor its overseas commitments for petroleum products, including diesel, Oil Minister Hardeep Singh Puri said Sept. 24, assuring global markets that the country would maintain supplies despite geopolitical tensions in the Middle East and the Russia-Ukraine conflict. “We will continue with product exports and honor our export commitments,” Puri said at an industry ...

hellenicshippingnews.com ·

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Singapore fuel oil inventories increase 6% this month

Singapore’s residual fuel oil stocks have averaged 6% higher so far in September than across August, Enterprise Singapore’s latest data shows.

  • Singapore's residual fuel oil stocks increased by 6% in September.
  • Total fuel oil stocks surpassed 20 million barrels for the first time.
  • China led fuel oil exports, accounting for 27%.

·hellenicshippingnews.com

MACN welcomes its first classification society members: ABS, DNV and RINA

At its General Assembly on 30 April 2026, members of the Maritime Anti-Corruption Network (MACN) voted in favor of opening MACN membership to classification societies.

  • MACN welcomes ABS, DNV, and RINA as first classification society members on 30 April 2026
  • Classification societies vital for vessel lifecycle safety and compliance
  • Enhanced MACN network through expanded membership of leading classification societies

·hellenicshippingnews.com

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