President places security of the global chokepoint with allies as US lifts Iran oil sanctions for now
Trump: Strait of Hormuz will have to be ‘guarded and policed by others’ Read More »
Iran says US move will have no practical effect and is merely meant to manipulate markets
US suspends Iranian oil sanctions for a month to help ward off energy crunch Read More »
The turmoil in the global tanker and energy markets from the current crisis in the Middle East could soon lead to a global issue, with 40% of total seaborne crude oil exports affected. In its latest weekly report, shipbroker Banchero Costa said that “i…
Surging bunker prices are reshaping freight dynamics, with fuel costs now accounting for a significantly larger share of freight than usual. While all vessels are exposed to high prices, scrubber-fitted ships remain relatively better positioned. This c…
Rising costs: The surge in bunker prices is reshaping dry bulk freight dynamics Read More »
Email is still the spine of maritime operations. Chartering instructions, spares orders, crew changes, port documentation, vendor payments to name a few. Most of it moves through inboxes, even as ships add new digital tools. But the way shipping market…