Russia’s lead warship in the Black Sea sank on Thursday, Russia’s defense ministry announced, after what Ukraine said was a missile strike and Russia described as an explosion of ammunition on board.The loss of the Moskva, the flagship in Russia’s Blac…
Russian Warship Sinks in the Black Sea Read More »
China’s lockdowns in Shanghai is expected to have a significant impact in the global supply chains and the tanker markets, especially when seen in tandme with everything else that’s been going on in the world’s economy today. In its latest weekly repot…
China’s COVID-19 Outbreak Introduces New Implications for the Shipping Markets Read More »
The Commercial Court in the case of Sharp Corp Limited -v- Viterra B.V. (previously known as Glencore Agriculture B.V.) [2022] EWHC 354 (Comm) considered an appeal brought by Sharp Corp Limited (the buyer) against a decision of the Grain and Feed Trade…
Battle over grain cargo pricing Read More »
On 7 April 2022, Frontline Limited (FRO) and Euronav NV (EURN) announced that the companies are in the process of a merger that would create a global leader in the tanker shipping market. FRO will acquire all 201.7mn of issued and outstanding EURN shar…
Italian energy services company Saipem, whose Saipem 7000 crane vessel with 275 people aboard tilted in a fjord in Norway on Thursday morning, released a statement on Thursday evening, confirming the incident had occurred, and sharing preliminary…
Saipem Shares Possible Cause of Crane Vessel Tilting Incident in Norway Read More »