The United States will be able to use planned defence facilities in Western Australia that are to help deliver nuclear-powered submarines under the trilateral AUKUS nuclear submarine deal, Australian Defence Minister Richard Marles said on Sunday.Austr…
US Will Have Access to Australia’s Nuclear Submarine Shipyard Read More »
Study commissioned by the UK Chamber of Shipping reaffirms Singapore’s leadership position in global maritime business
The product tanker market could be set for a respite in the coming months. In its latest weekly report, shipbroker Gibson said that “last month refining runs hit an all-time high of just over 85mbd, with refineries running much harder this summer than …
Product Tankers: Demand Could Be Ramping Up Read More »
Capesize Positive sentiment was observed across both the Atlantic and Pacific basins throughout the week, with the exception of a brief pause on Thursday. The Capesize timecharter average closed at $25,457 on Friday, marking a gain of $1,944 week-on-we…
Dry Bulk Market: Capesizes Move to Higher Ground Read More »
Rystad Energy’s latest analysis reveals a growing threat to global energy security as the world’s five most critical maritime chokepoints, narrow sea routes that handle the bulk of global oil and gas transit, face escalating risks from conflict, piracy…
Chokepoints under pressure: The fragile lifelines of global energy Read More »