Business

Politics Vote counting trends show BJP set to form government for first time in key state Indian Prime Minister Narendra Modi greets his supporters as he arrives at the Bharatiya Janata Party headquarters as BJP celebrates its win in the West Bengal and other states’ assembly elections, in New Delhi, May 4. © Reuters KIRAN […]

South Korea’s KSS Line announced its investment in three very large gas carriers (VLGC) through a newbuilding order with HD Hyundai Heavy Industries. These vessels are scheduled to be delivered sequentially starting from the first quarter of 2029. The order is valued at KRW700 billion ($515 million) in total, which the company noted represents approximately […]

Energy Upgrade to B15 one of the “most practical and readily deployable” solutions: minister Petronas sells B10 biodiesel with 10% palm oil in the diesel mix. In June, Malaysia will roll out B15 biodiesel to offset rising fuel import costs. (Photo by Norman Goh) KUALA LUMPUR — Starting in June, Malaysia is set to introduce biodiesel […]

Norwegian pipeline gas supplies remain subdued due to maintenance, with nominations totalling 282.6 million cubic metres (mcm) per day, data by Gassco showed. “Apart from the closed Strait of Hormuz, Europe also has to deal with reduced supply from Norway, fears of a warm and dry summer and very low storage levels,” Mind Energy’s Nielsen […]

The Baltic produces its benchmarks in accordance with established and robust governance frameworks, methodologies and oversight processes, the London-based exchange, owned by Singapore’s SGX, said in a statement on Saturday. “The Baltic is confident that it has met and continues to meet all its statutory, contractual and regulatory obligations in the production of the TD3C […]

Russian energy giant Gazprom’s average daily natural gas supplies to Europe via the TurkStream undersea pipeline declined by 1.7 per cent in April from a year earlier to 41 million cubic metres, Reuters preliminary calculations showed on Monday. Gas supplies were down 25.5 per cent from the previous month, however, as shortages in the wake […]

Politics Early vote counting trends for state show major gains for PM Modi’s BJP Bharatiya Janata Party supporters outside the party’s regional office in Kolkata on May 4 celebrate as early trends show their candidates leading in vote counting for the West Bengal state assembly. © Reuters NEW DELHI — Indian Prime Minister Narendra Modi’s Bharatiya Janata Party […]

Politics Early vote counting trends for state show major gains for PM Modi’s BJP Bharatiya Janata Party supporters outside the party’s regional office in Kolkata on May 4 celebrate as early trends show their candidates leading in vote counting for the West Bengal state assembly. © Reuters NEW DELHI — Indian Prime Minister Narendra Modi’s Bharatiya Janata Party […]

Currencies Currency volatility rises with fewer participants as Japan markets close The Japanese yen jumped from the 157-range against the dollar to the high 155-range during holiday-thinned trading on May 4. Nikkei staff writers May 4, 2026 15:32 JST Updated on May 4, 2026 19:02 JST TOKYO — The yen jumped sharply against the dollar in the […]

Disclosure The bulk cargo maritime transport sector may experience limited growth in the coming years, depending on the evolution of the situation in the Strait of Hormuz, according to Bimco estimates. The analysis indicates that “demand will grow by up to 1% in 2026 and between 0.5% and 1.5% in 2027, if the […]