The Maritime and Port Authority of Singapore (MPA) has reported an unauthorized boarding of the Singapore-registered chemical tanker, Basset, at about 07:00am (SGT) on February 28 in the Singapore Strait, outside Singapore territorial waters.A crew mem…
Chemical Tanker Boarded in Singapore Strait Read More »
Guyanese President Irfaan Ali said on Saturday that a Venezuelan coast guard patrol entered Guyanese waters earlier in the day, approaching an output vessel in an offshore oil block managed by Exxon Mobil.The South American neighbors are involved…
Guyana Says Venezuelan Vessel Entered Contested Waters Read More »
The U.S. aircraft carrier USS Carl Vinson arrived at the southern city of Busan in South Korea on Sunday as a show of force, South Korea’s navy said.The visit was part of the “ironclad” commitment of the United States to extended deterrence…
US Aircraft Carrier Visit Demonstrates Support for South Korea Read More »
The tanker market could face significant consequences from potential US measures against Chinese-built ships. In its latest weekly report, shipbroker Gibson said that “this week, many in the shipping industry likely heard about Section 301 of the US Tr…
US Measures Against Chinese-Built Ships Could Ban 60% of the Global Fleet Read More »
Capesize The Capesize market saw a strong upward trajectory throughout the week, with the BCI 5TC surging from $8,620 on Monday to $15,074 by Friday, reflecting improved sentiment across both basins. The Pacific market was notably firm, driven by a tig…
Dry Bulk Market: Capesizes in Strong Momentum Read More »