A cargo of sanctioned Iranian crude oil that was confiscated by the U.S. has sat off the Texas coast for eight weeks, unable to unload because commercial agents fear any vessel that takes it will be shunned by customers, people familiar with the matter…
Iranian Oil Remains Stuck Off US Coast Read More »
Britain has information indicating the Russian military may move beyond attacks on Ukrainian grain facilities to target civilian shipping in the Black Sea, Britain’s U.N. Ambassador Barbara Woodward said on Tuesday.British Prime Minister Rishi…
Britain Warns Russia May Start Attacking Civilian Ships Read More »
The Panama Canal will extend restrictions on ships’ maximum depth, it said on Tuesday, and it has limited average crossings at one of the world’s busiest trade passages to just 32 ships a day as a prolonged drought continues.The Panama Canal Authority …
Drought-hit Panama Canal Restricts Daily Crossings in Water-saving Move Read More »
Major Greek ship owners have turned their sights towards bulkers, making big moves of late. In its latest weekly report, shipbroker Intermodal said that “the strategies of major/traditional owners usually have a knock-on effect on mid/small owners who …
Greek Ship Owners Turn to Bulkers Read More »
An upturn in global coal trade looks likely in 2023, after a pause last year. Trade volume may approach the peak seen four years ago. But pessimism about the longer term trend still overshadows the view ahead, amid an international push to reduce green…
Coal trade looking brighter Read More »