A migrant has been rescued and 50 others are feared drowned after a boat sank in the Mediterranean, officials said on Sunday.The man had been in the sea for 24 hours and said he believed everyone else on the vessel had died, according to the…
One Rescued, 50 Feared Drowned After Migrant Boat Sinks Read More »
Refined oil products have also been the subject of EU sanctions against Russia and the latest package entering into effect has had a significant effect on the market. In its latest weekly report, shipbroker Gibson said that “in the summer of last year,…
Product Tankers: Clean Barrels and Russian EU Sanctions Read More »
Capesize The market delivered a strong performance over much of the week, with sentiment and rates firming across both basins before a late-week correction tempered the rally. Early in the week, robust miner participation, healthy cargo volumes and tig…
Dry Bulk Shipping: Capesizes Bounce Back Strongly Read More »
Drewry expects LNG shipping rates to improve in 2026, driven by demand acceleration and LNG supply expansion. However, a significant rebound is still unlikely, as fleet expansion continues to outpace liquefaction build-up. This is highlighted in the 20…
Seven tankers taken for a year by charterer understood to be Sinokor Maritime
‘Unprecedented times’: Frontline confirms $76,900 per day VLCC charters windfall Read More »