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Tanker Market Monitor: Rising U.S. pressure on Russian oil buyers is prompting China and India to reduce imports and diversify supply

Indian import volumes show a more modest decline: quarterly volumes were nearly flat versus Q1 2025 and down roughly 12% year-over-year, though monthly data reveals a steady drop since March, with June shipments falling over 10 million barrels. It’s im…

Tanker Market Monitor: Rising U.S. pressure on Russian oil buyers is prompting China and India to reduce imports and diversify supply Read More »

ICS gives backing to IMO Net-Zero Framework to provide clarity, simplicity, and detail on rewards

In April, the International Maritime Organization’s (IMO) member states took a historic step by agreeing to the Net-Zero Framework (NZF) – the world’s first global emissions price for an entire industry. This was a landmark step towards decarbonising i…

ICS gives backing to IMO Net-Zero Framework to provide clarity, simplicity, and detail on rewards Read More »