Earlier this year, a high-level defense event simply dubbed ‘Industry Day’ was held in Japan, an event aimed at strengthening the supply chain to the Japanese Self-Defense Forces equipment and strengthening Asia-Pacific Security and the Defense…
Japan ‘Industry Day’ Highlights Global Defense Partnerships Read More »
The U.S. Treasury Department said late on Wednesday that shipments facing the G7’s upcoming price cap on oil products such as diesel and gasoline from Russia will have a grace period to arrive at their destination.G7 democracies and Australia…
US Gives Grace Period to Cargoes Under Russia Oil Product Price Cap Read More »
Exports of Russia’s flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in December, after a Western price cap and an EU embargo on Russian oil took effect, according to traders and Reuters calculations.Traders said Russia…
Sanctions Could Cut Russia’s Baltic Oil Exports by 20% Read More »
Canadian shipping company Algoma Central Corporation on Thursday announced it has acquired two 18,894 dwt product tankers. Built in 2007, the sister ships were purchased to prepare for the coming replacement of two older vessels in the company’s…
Algoma Acquires Two Product Tankers Read More »
Product tanker owner saw its share price rally this year as rates skyrocketed following the war in Ukraine
Torm gets bumped into Nasdaq Nordic’s large-cap index Read More »