The Trump administration sold more than 400,000 acres (406,876 hectares) of land in Alaska’s Cook Inlet on Wednesday, but no oil and gas drillers showed up. They refused to make a bid.The One Big Beautiful Bill Act of U.S. president Donald Trump…
Oil companies reject Trump Administration’s Alaska Offshore Auction Read More »
Incident comes on the same day Moscow blamed Ukraine for attack on LNG carrier in the Mediterranean
Russian payback? Casualties reported as drone hits bulker off Ukrainian port Read More »
Gallagher says war-risks insurance is available, at a higher costs, for vessels that want to enter or exit the Gulf
The ship recycling market in Southeast Asia are also subject to the Gulf Region war escalation. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market came off during the week, with pri…
Ship Recycling Market Taking a Hit From Geopolitical Uncertainty Read More »
“The attacks on Iran by the US and Israel have caused disruptions for ships transiting the Strait of Hormuz. Although this passage is less critical for the dry bulk sector than for the tanker market, the disruptions still impact around 4% of dry …
Strait of Hormuz disruptions currently impacting 4% of dry bulk market Read More »