The Board of Directors of Wallem Group have announced that John-Kaare Aune will be stepping aside as Wallem Group’s CEO and after a period of transition will leave in January 2024.The Wallem Board has appointed John Rowley to succeed him, with effect f…
John Rowley Appointed Next CEO of Wallem Read More »
The dry bulk market has grown over the past weeks, as a combination of factors have offered support to the freight rate market. In its latest weekly report, shipbroker Xclusiv said that “the dry market definitely strikes back with BDI at 1,944 points, …
Dry Bulk Market on the Rise Read More »
In the second week of October, the VLCC MEG-China route is trending upward. However, the sustainability of this positive trend remains uncertain due to mounting concerns stemming from geopolitical tensions that are casting a shadow over the energy sect…
Downward revision of the number of MR ships, but still longer waiting times in the south Read More »
The Israel-Palestine conflict, marked by recent violence between Israel and Hamas, has sent ripples through the shipping and maritime industry, leading international companies to issue cautionary advisories and adapt their operations in the region. “In…
British Prime Minister Rishi Sunak is deploying two Royal Navy ships and surveillance aircraft to the eastern Mediterranean to support Israel and reinforce regional stability, his Downing Street office said on Thursday.The military package, which inclu…
Britain Sends Auxiliary Ships, Spy Planes to Support Israel Read More »