Supertanker freight rates jumped after the U.S. expanded sanctions on Russia’s oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said.Chinese and Indian refiners…
VLCC Rates Spike as US Sanctions Bite Read More »
Stock down 21% as reports indicate 15-month conflict could end
Zim stock in eight-day trading slide amid gathering hopes for Israel-Hamas truce Read More »
Egypt has issued a tender seeking four cargoes of liquefied natural gas (LNG) for delivery between February and March, two trading sources told Reuters.The most populous Arab country has returned to being a net importer of natural gas, buying…
Egypt seeks four LNG cargoes for Feb-Mar delivery Read More »
The safety risks posed by unregulated oil tankers are rising, and the so-called shadow fleet is a threat to both the maritime environment and seafarers, the head of the United Nations’ shipping agency said on Tuesday.The shadow fleet refers to hundreds…
UN: Shadow Tanker Fleet Risks Rising Read More »
GTT announces that it has received, in the first quarter of 2025, an order from its partner the Chinese shipyard Hudong-Zhonghua (Group) Co. Ltd. for the tank design of six new very large Liquefied Natural Gas (LNG) carriers.These six LNG carriers will…
GTT wins Tank Design Order for 6 LNG Carriers Read More »