U.S. and Israeli attacks on Iran and Tehran’s reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance sources said on Monday.War risk insurance premiums for shipments to the Middle East…
War Risk Insurance Costs Double As Middle East Tensions Worsen Read More »
The tanker market showed mixed performance during the month of May, but June is expected to be a completely different story. In its latest monthly report, OPEC said that dirty tanker spot freight rates saw mixed movements in May. Aframax and Suezmax ra…
OPEC: Tanker Market Showed Mixed Performance in May Read More »
Spot rates on the East-West routes are the most volatile; rates on intra-Asia routes the most stable. So, what are the implications for shippers? More than five years have passed since the huge shipping disruptions, damaging port congestion and cost sp…
Cost volatility in shipping – a growing risk for shippers Read More »
The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC) enters into force on 26 June 2025 and requires existing vessels of 500 GT and above to have on board an International Certificate on Inventory of Haz…
Hong Kong Convention and how to obtain IHM certification for ship recycling Read More »
Iran claims six missiles landed, but Qataris say attack fully intercepted with no injuries
Iranian attack on US base in Qatar appears to fizzle Read More »