The Great Lakes St. Lawrence Seaway System as amended a Planned Outage at Lock 7.Mariners are advised of a revision to the preplanned closure at Lock 7 for the replacement of Gates 1 and 2. Due to environmental conditions, the closure will begin one da…
Great Lakes St. Lawrence Seaway System Issues Notice to Shipping Read More »
EU has remained a leading importer of seaborne crude oil during 2024. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade, despite the high oil prices and risks of economic recessi…
Tankers: Seaborne Crude Oil Imports from the EU on the Rise Read More »
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 »