The LPG-laden tanker MV Falcon was on fire and adrift on Saturday off the coast of Yemen, after it reported an explosion that forced members of its crew to abandon the vessel, the European Union’s naval force Aspides said in a statement.The…
LPG-Laden Tanker on Fire Off Yemen Read More »
The European Union’s diplomatic arm, the EEAS, is urging member states to back a maritime declaration that would allow EU nations working with flag states to arrange inspections on Russia’s “shadow fleet” of oil tankers, an EEAS document shows.Beefing…
EU Seeks Maritime Declaration to Inspect Russia’s Shadow Fleet Read More »
U.S. forces attacked a vessel associated with a Colombian leftist rebel group, Defense Secretary Pete Hegseth said on Sunday, the same day President Donald Trump called Colombian President Gustavo Petro an “illegal drug leader” and said payments…
US Says It Hit Colombian Rebel Vessel Read More »
Trade flows are bound to be disrupted from the spillover of trade tensions in the shipping market. In its latest weekly report, shipbroker Gibson said that “on October 14, both the US and China imposed prohibitively expensive port fees on tonnage linke…
VLCCs The Most Exposed from China’s Port Fees Read More »
Capesize The Capesize market experienced a volatile week marked by sharp swings in sentiment and rates following China’s announcement of new port fees on U.S. linked vessels. Early gains, driven by speculation over potential inefficiencies, quickly rev…
Dry Bulk Market: Capesize Market Had a Volatile Week Read More »