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The 18th BRICS Leaders’ Summit concluded in New Delhi, India. Centered on the theme of Building Resilience, Innovation, Cooperation and Sustainability, this summit marked a milestone meeting following BRICS expansion. The leaders adopted the New Delhi Declaration, finalizing multiple frameworks for economic and trade cooperation, financial coordination and cross-border connectivity. It was formally announced: China will take over the BRICS presidency and host the 19th BRICS Leaders’ Summit, ushering in...

The secondhand tanker market is running hotter than it has in years, with sales up more than 50% on last year. The standout buyer is South Korea's Sinokor Maritime, which has taken 73 VLCCs (very large crude carriers) off the market for close to $6 billion — roughly what the next eight largest tanker buyers spent combined. Prices have followed. A secondhand VLCC now costs about as much as building...

In 2026, international crude oil prices have declined, yet the actual fuel costs borne by shipowners and industrial enterprises in Southeast Asia have risen sharply. This market anomaly is reshaping business operations across Southeast Asian countries and restructuring the pricing trend of secondhand vessels. For bulk carriers operating across the Strait of Malacca, Vietnamese manufacturers relying on imported raw materials, and Indonesian traders waiting for palm oil loading, oil prices...

I. Policy Review: The Core of This Round of Coal Policy 1.1 Guiding Document: the Coal Industry Development 15th Five-Year Plan (official document) On July 6, 2026, the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) jointly issued the Coal Industry Development 15th Five-Year Plan (NDRC Energy Document No. 979 [2026]), which was publicly released on August 10, 2026. This is the guiding, formal document for...