A marine tanker carrying industrial fuel sank in rough seas off the Philippines on Thursday, causing the death of a crew member and an oil spill that could spread to waters off the capital Manila, officials said.Sixteen of the 17 crew members of MT Ter…
Oil Spill Threatens Philippines Capital After Tanker Capsizes Read More »
Shipping giant CMA CGM said on Thursday that brisk international trade and Red Sea disruption supported its main maritime division in the second quarter and should limit any market slowdown later this year as new ship capacity arrives.The world’s…
CMA CGM Sees Shipping Demand Holding Up After Restocking Wave Read More »
Iran has released the oil cargo of a Greek-owned, Marshall-Islands-flagged tanker it seized in the Gulf of Oman earlier this year, a shipping source told Reuters on Thursday.The vessel, M/T St. Nikolas, is still being held by Iran, the source added.
Iran Releases Oil Carried by Tanker St Nikolas Read More »
Demand for second hand dry bulk carriers remained in high demand during the past week. In its latest weekly report, shipbroker Xclusiv said that “despite the northern hemisphere approaching the “heart” of the summer, dry bulk S&P activity remains r…
Shipping: Dry Bulk Carriers Remain in High Demand Read More »
This week’s chart highlights the notable increase in the monthly volume of Russian grain shipments during the first two quarters of this year. By the end of the second quarter, shipments had risen by 15% compared to the previous quarter. Notably,…
Dry Weekly Market Monitor: Russian Grain Shipments to Top Destinations Read More »