Two Iranian nationals have been charged with violating US sanctions in connection with a scheme to buy a tanker
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US charges Iranians over Greek tanker deal Read More »
The vessel was sold by Crystal Holdings, a unit of Greek-owned Polembros Shipping, but neither company was named in US…
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Iranians charged by US over Greek tanker deal Read More »
Extreme volatility with a dash of oversupply come next year, could be the “recipe” for the tanker market moving forward, as shipping tries to adjust to the new reality shaped by the pandemic and its economic aftermath. In its latest weekly report, ship…
Tankers Could Face Headwinds from 2021 Onwards Read More »
Capesize A tepid week for the big ships, as macro concerns continued to weigh heavily on the index. All of the major voyage routes lost value, with the exception of the C5 West Australia-China route, which traded up a modest $0.21 on the week, on a ste…
Capesize Market: Weakness All Around Read More »
Due to a combination of circumstances there is now a worldwide shortage of storage space ashore for both unrefined and refined oil products of all types. As such there is a now growing demand for oil tankers to be used as floating storage. Potential is…
Floating storage of oil cargoes Read More »