Product tanker earnings will moderate in 2025 as demand fears and improving supply weigh on rates. The journey of the humble product tanker has been full of surprises with rates surging since the start of the Russia-Ukraine war. Owners benefitted hugel…
Product tanker to battle fleet expansion in 2025 Read More »
Leading research and consultancy provider Maritime Strategies International (MSI) forecasts that tanker contracting in 2024 will reach its second highest level ever. The first 11 months of 2024 saw near-record levels of tanker contracting, with 55m dwt…
Out with a bang? MSI puts 2024 tanker orders on course for second highest total Read More »
The Federal Maritime Commission issued a policy statement today making clear it is an appropriate venue where private parties may bring class actions to resolve disputes covered by the statutes the agency administers.The guidance yields important…
FMC Updates Class Action Policies Read More »
Older plan had covered only limited number of employees, management says
International Seaways pulls plug on retiree health plan Read More »
Finland’s national power grid operator said on Thursday it had asked a Helsinki court to seize the Eagle S oil tanker in a bid to secure the company’s claim for damages related to the breakdown of the undersea Estlink 2 electricity interconnector.The…
Finland Grid Operator asks Court to seize Tanker Read More »