French shipping and logistics group CMA CGM will continue to avoid the Red Sea even though it considers the region is more stable following the ceasefire agreement between Israel and Hamas, it said on Saturday.Shipping executives remain cautious about …
CMA CGM Not Yet Willing to Risk Red Sea Read More »
An undersea fibre optic cable between Latvia and Sweden was damaged on Sunday, likely as a result of external influence, Latvia said, triggering an investigation by local and NATO maritime forces in the Baltic Sea.”We have determined that there…
Another Baltic Undersea Cable Damaged Read More »
Türkiye’s crude oil imports fell by a further 16.4% during 2024, continuing the downward trend of 2023. In its latest weekly report, shipbroker Banchero Costa said that “after a positive 2023, when global crude oil loadings increased by +4.6% y-o-y, th…
Tankers: Türkiye Crude Oil Exports Fell Further in 2024 Read More »
The fourth week of February brought a downward correction in the sharp rise of VLCC AG-China rates, which had surged following the announcement of U.S. sanctions on Russian crude oil destined for China and other Asian markets. The geopolitical shock on…
VLCC AG & Aframax Mediterranean Vessel Count & Market Rates Read More »
In 2025, the twin pressures of environmental regulations and evolving geopolitical landscapes will shape the shipping industry’s trajectory, according to legal experts. Two key EU legislative developments will significantly impact the industry in…
New year of challenges and opportunities for shipping Read More »