The tanker market is having to deal with a lot of variables at the moment. One of them is the Libyan market and the latest developments in this market. In its latest report, shipbroker Intermodal said that “last week Libya’s oil production operations w…
Tanker Market: The Libyan Effect Read More »
The outbreak of the novel coronavirus, declared a global health emergency by the WHO, has caused massive uncertainty across the global markets with the official death toll rising to 213 people on 31 January 2020. Approximately 50 million people is on l…
The International Monetary Fund’s release of full-year economic data for 2019 makes uncomfortable reading. Its latest World Economic Output (WEO) estimates put world gross domestic product growth at 2.9% last year – the weakest performance since the co…
Slow climb out of the trough Read More »
A panel of experts advising Japan’s government on a disposal method for radioactive water from the destroyed Fukushima nuclear plant on Friday recommended releasing it into the ocean, a move likely to alarm neighboring countries.The panel under…
Japan: Ocean Release for Fukushima Water Read More »
The United States on Friday will lift sanctions on at least one Dalian unit of Chinese tanker company COSCO that Washington accused of transporting Iranian oil, a U.S. official with knowledge of the matter said.The administration of U.S. President…
U.S. Lifts Sanctions on a Dalian Unit of COSCO Read More »