However, Hong Kong bank says rates will collapse back to December levels if the situation is resolved quickly
Prolonged Red Sea crisis could result in significant profits for liner firms, says HSBC Read More »
Russia abstains saying text of resolution should not set a precedent and that it gives legitimacy to US-led task force
UN Security Council adopts resolution demanding Houthis halt Red Sea attacks Read More »
UK government has also announced that another naval vessel will be sent to the region
Singapore to deploy personnel, but no ships to support Red Sea task force Read More »
Company claims to have doubled its valuation since Series B funding round in 2021 and is close to turning profitable
Vortexa raises $34m in funding round led by Morgan Stanley arm Read More »
Dominance comes despite Sinopec offshoot doing 51 fewer VLCC fixtures in 2023, says Poten
Unipec still king of dirty spot charters as it fixes more VLCCs than the top 10 combined Read More »