Turkey suspended shipping traffic in Istanbul’s Bosphorus Strait in both directions on Sunday due to a rudder failure on a 114-metre tanker, the Nazann, the Transportation Ministry said.The vessel, en route from Russia to Kocaeli in Turkey,…
Bosphorus Traffic Paused After Tanker Suffers Rudder Failure Read More »
Owner single-handedly more than doubles sector’s annual recycling tally in one swoop
Tanker market dynamics are being muddled by a seeming shift in China’s crude oil import patterns. In its latest weekly report, shipbroker Gibson said that “lacklustre oil demand from China has been a leading story in tanker markets this year. In its an…
Tankers: China’s Crude Imports Muddle Market Dynamics Read More »
Capesize The Capesize market showed a strong overall performance this week, with the Baltic 5TC gaining momentum and rising significantly from Monday’s $20,872 to end the week at $26,777. Early week enthusiasm in the Pacific came from high activi…
Dry Bulk Market: Capesizes Show Strong Positive Momentum Read More »
Nikolaos Apodiakos represents the third generation of bulk carrier owner, Victoria Steamship Co. Ltd, which was set up by his grandfather in London in 1946. Today, as agents for ship management company Blue Planet Shipping, the company has a fleet of 1…
Pioneering sustainable technologies in bulk Read More »