On the afternoon of March 8, a petroleum tanker named Torm Agnes entered the Port of Ensenada on Mexico’s Pacific coast carrying almost 120,000 barrels of diesel.Such a vessel was a rare sight in that port, which mainly hosts cruise liners, luxury yach…
Report: Mexican Bootleg Fuel and Money Laundering Cartel has Global Reach Read More »
The tanker market is again facing a reshaping of its trade routes. In its latest weekly report, shipbroker Gibson said that “this week sanctions pressure on Russia was dialled up a notch. On Thursday, the first major US sanctions against Russia under t…
Tanker Market: Russian Sanctions to Reshape Trade… Again Read More »
Capesize The Capesize market lost some of its earlier momentum this week, ending on a softer note. Early positivity in the Pacific, driven by steady miner demand, increased operator activity, and weather-related port delays in China, gave way to a quie…
Dry Bulk Market: Capesizes Lose Some Ground Read More »
The US and China have introduced reciprocal port fees targeting vessels linked to each other’s countries, marking a novel use of port fees as geopolitical tools akin to tariffs. These fees, effective from October 14, 2025, are based on vessel ownership…
The US and China port fees: a comparison Read More »
South Korea’s HD Hyundai Heavy Industries and U.S. military shipbuilder Huntington Ingalls have agreed to jointly build U.S. navy auxiliary ships, the South Korean shipbuilder said on Sunday.HHI has a strong track record in this field, having delivered…
HHI and HII Team Up to Build U.S. Navy Auxiliary Ships Read More »