Ship owners poured funds into more tanker newbuildings over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, Belgian owner EBE Maritime placed an order of 1 x 210,000 DWT Newcastlemax to China’s Qingd…
Tanker Newbuildings in Demand Read More »
In the Pilbara, BHP is doubling down on growth, pledging A$1.4 billion to enhance Port Hedland infrastructure and sustain export capacity near 305 million tonnes per annum (Mtpa). The investment signals confidence in steady, high-volume output from Wes…
Iron Ore’s Shifting Currents: Supply Surge Meets China Slowdown Read More »
In a significant decision for marine insurers, the Court of Appeal has agreed with the Commercial Court that a pay first provision in a marine insurance policy was valid and effective. Consequently, the insurer of an insolvent assured could rely on thi…
Court of Appeal upholds pay first provision in marine insurance policy Read More »
The LNG shipping segment seems to be on rising tide, after the latest geopolitical developments and the US emerging as a major exporter of natural gas. In its latest weekly report, shipbroker Intermodal said that “October proved to be a robust month fo…
LNG Shipping on the Rise Read More »
At least two blacklisted tankers carrying 1.4 million barrels of Russian crude are tracked at anchor outside the port of Mundra, India, in the first signs that fresh Western sanctions on Rosneft and Lukoil are curbing exports. Sierra Leone-flagged Kust…
Tanker Freight Rates Hit Five-Year High Amid Russian Oil Sanctions Shake-Out Read More »