Dirty tanker spot freight rates largely recovered from the previous month’s declines. Suezmax rates saw the strongest gains, up 34% on average, m-o-m, and 38%, y-o-y, OPEC said in its latest monthly report. Spot freight rates on the West Africa-toUS Gu…
Tanker Market Stages August Recovery Read More »
In an age defined by ultra-fast digital transformation, the global trade landscape remains anchored in a bygone era of paper. Despite the acknowledged benefits of going digital, international trade continues to depend heavily on paper-based documents a…
Shipping’s outdated paper chase Read More »
This week, the spotlight is on the evolving monthly volumes of dirty oil flows, specifically the increasing trend from Saudi Arabia to China. In August, Saudi crude shipments to China surged by 19% year-on-year, exceeding 50 million barrels. This marks…
Tanker Weekly Market Monitor: Dirty Oil Flows to China Read More »
China’s military on Friday condemned the sailing of a U.S. and British warship through the sensitive Taiwan Strait, saying it ordered naval and air forces to monitor and warn the two ships.The People’s Liberation Army’s Eastern Theatre Command said the…
China Condemns US, British Warships in Taiwan Strait Read More »
The Trump administration has asked a federal judge to withdraw the Interior Department’s 2024 approval of a wind farm off the coast of Maryland, according to court documents filed on Friday.The action is the latest in a series of moves the administrati…
Trump Administration Asks Federal Court to Cancel Permit for Offshore Wind Farm Read More »