A renewed increase of transit times is adding to global oil flows, leading to higher tanker rates. In its latest weekly report, shipbroker Gibson said that “with the Houthis declaring a full naval blockade specifically against Saudi Arabia on 20 July a…
Tanker Market: Freight Rates Increasing Again Read More »
Capesize The market regained momentum over the course of the week, recovering from a subdued opening to finish on a significantly firmer footing as confidence returned across both the Pacific and Atlantic basins. Early weakness was driven by limited ac…
Dry Bulk Market: Capesizes Gaining Momentum Read More »
With Posidonia 2026 recently having ended, the importance of tankers and bulkers in Greece, and worldwide, is clear. But, as these fleets age, how can ship owners and operators enhance fuel efficiency, manage costs, and achieve regulatory compliance – …
Forces claim tanker tried to breach blockage at least four times before strike
US military disables second vessel in enforcement of Hormuz blockade Read More »
Saudi arabia crude oil exports declined strongly during the first half of 2026, as the Middle East war has taken its toll. In its latest weekly report, shipbroker Banchero Costa said that “after a marginal decline in 2024, when global crude oil loading…
Tanker Market: Saudi Oil Exports Down Significantly Read More »