US Navy warship responds to distress calls and shoots down four drones in southern Red Sea
US says drone from Iran hit Ace Quantum ship as Houthis fire on two tankers in Red Sea Read More »
Revolutionary Guard official threatens to close the Mediterranean over war in Gaza
Drone strikes Ace Quantum tanker far from Houthis as Iran threatens to widen blockade Read More »
As we enter the last week of 2023, sub-continent markets struggle on, says cash buyer GMS, going the final furlong to round out what has been an overall disappointing year for pricing and volumes.Prices have collapsed from over $600/LDT to below $500/L…
Sub-Continent Recyclers Hope for Better 2024 Read More »
The tanker market is expected to benefit from improving global economy conditions and increased Asian oil demand growth as we head into 2024. In its latest weekly report, shipbroker Xclusiv said that “despite the negative outlook for economic growth se…
Tankers: 2024 Shaping to Be A Solid Year for Growth Read More »
In the fourth quarter, the Israel-Hamas conflict led to increased geopolitical tensions, especially within the oil sector, reshaping dynamics within the industry. After the end of September, freight rates firmed in October, influenced notably by Russia…
Geopolitics and Crude Freight Market Read More »