Newbuilding ordering activity has kept going strong over the past week. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding activity remained brisk this week, with contracting spread across the dry bulk, tanker, container and …
Newbuilding Market Still Running “Hot” Read More »
On 20 July, Houthi forces declared a full maritime blockade against Saudi Arabia, closing the Bab al-Mandab Strait to vessels servicing Saudi ports. Following this move, Tanker Xin Long Yang, a Chinese VLCC carrying Saudi crude, turned back towards Sue…
How Conflict in the Middle East is Impacting Maritime Read More »
As Red Sea hostilities continue to force widespread maritime diversions around the Cape of Good Hope, leading bunker company Peninsula is warning of a “perfect storm” for global tanker operators. The unprecedented surge in tonne-mile demand is now inte…
Polys Hajioannou-led company says it can both invest and reward shareholders
Safe Bulkers hikes dividend again after posting biggest profit in four years Read More »
New York-listed shipowner says it is in dialogue to resolve ‘issue’ with Confidence Petroleum
Navigator Gas ship arrested in India amid dispute with charterer Read More »