Shipping companies are spending an extra €340 million a day in additional fuel costs as a result of the latest conflict in the Gulf, new T&E analysis shows. As 99% of the global fleet runs on fossil fuels, the industry is directly exposed to fuel p…
Iran conflict costing shipping industry €340 million a day Read More »
The existing situation in the tanker markets could be leading towards a long-term disruption with unknown variables. In its latest weekly report, shipbroker Xclusiv said that “the past week has confirmed that the disruption in the Arabian Gulf is no lo…
Tanker Market: Freight Spikes and Disruption Becoming the Norm Read More »
The Middle East conflict has delivered an immediate shock to the offshore market. Saudi Aramco, QatarEnergy, Kuwait Petroleum and ADNOC have all reduced, suspended or declared force majeure on production, with Gulf oil exports falling over 60% to aroun…
Shipping Interrupted: Tracking the Impact of Disruptions in the Strait of Hormuz Read More »
The global trading system looks set to be defined by a tug-of-war between high-tech acceleration and geopolitical disruption through to 2027. According to the latest Global Trade Outlook and Statistics report released by the World Trade Organization (W…
Tech: Trade’s Saviour In 2026? Read More »
The ship recycling market remains trapped in an adverse environment. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian ship recycling market remained at a standstill this week, with senti…
Ship Recycling Remained Subdued Last Week Read More »