Two people were killed and five others were missing after a small motor boat collided with a cruise ship on the Danube River north of Budapest late on Saturday, Hungarian police said on Sunday.Disaster response units, including 95 personnel…
Two Dead, Five Missing After Collision on Danube in Hungary Read More »
Tanker market delegates are closely monitoring the latest developments regarding Iran’s oil export trade and the potential for additional measures against it. This, in theory, could have an impact on future tanker supply. In its latest weekly report, s…
Tankers: Dark Fleet Servicing Iranian Trade Flows Still In Play Read More »
Capesize This week, the Capesize market saw a steady decline, with the BCI 5TC beginning at $25,773 and dropping daily, except for a modest rise of $962 today, ending the week at $22,180. Despite healthy cargo volumes in the Pacific, market activity wa…
Dry Bulk Market: Capesize Market Under Pressure Read More »
Under certain circumstances – in congested waters, during manoeuvring or in harsh weather – a blackout can lead to loss of life or damage to property, infrastructure and/or the environment. This news highlights some of the most common causes of blackou…
Blackouts – causes, prevention, effective recovery Read More »
An anti-ship missile reportedly fired by Houthi militants hit a Panamanian-flagged oil tanker off Yemen’s Red Sea coast on Saturday, but multiple reports indicate the ship incurred minimal damage and was able to maintain course.There were no casualties…
Houthis Missile Hits its Mark; Oil Laden Tanker headed to China Read More »