The Marshall Islands-flagged tanker seized by Iran in the Gulf of Oman on Thursday has been located east of Iran’s Qeshm Island, monitoring service TankerTrackers.com said in a post on social media platform X.Iran seized the St Nikolas, loaded with Ira…
TankerTrackers Locates Seized Tanker off Iran’s Qeshm Island Read More »
Germany is expected to participate in a European Union naval mission to protect shipping in the Red Sea that EU foreign ministers will approve this month, the head of the German parliamentary defence committee said.Speaking at her party’s reception for…
Germany to Take Part in EU Red Sea Naval Mission Read More »
While all the headline attention regarding the tanker and energy market is focused on the Red Sea, another source of disruption could be emerging in Libya. In its latest weekly report, shipbroker Gibson said that “the Libyan oil sector is no stranger t…
Tankers: Is Another Source of Disruption Under Way? Read More »
Capesize The capesize market concluded the week on a relatively sombre note. The Pacific market struggled with limited participation from the miners throughout the week, resulting in declining rates driven by tonnage build-up and an overall shortage of…
Dry Bulk Market: Capesizes Retreat Read More »
Every rule or regulation brings positive and negative implications to the industry, and the new UAE Ship Recycling Regulations are no exception. To fully understand the impact of this regulation on the maritime sector, it is important to take a broader…
The down sides of the UAE Ship Recycling Regulations Read More »