On 20 June 2019 the US narrowly pulled back from retaliatory military strikes on Iranian targets. This was a move planned in response to Iran’s targeting of a US drone allegedly operating in Iranian airspace. These events follow a series of attacks on …
Managing risks in the Strait of Hormuz Read More »
Capesize It was a Brazilian affair with a strong splash of bunkers characterising the Capesize market over the past week. Largely traded in European hours, ballaster tonnage was being secured for an ever-tightening window at the end of July. The C3 ope…
Dry Bulk Market: Bunkers Lifting Capesize Rates Read More »
The oil market has been highly volatile in 2019 on account of uncertain supply. Although Drewry expects growth in non-OPEC oil supply to be higher than growth in global demand in 2019, US sanctions on Iran and Venezuela and OPEC’s market management hav…
Based on objective factors including port throughput and facilities, depth and breadth of professional maritime support services, as well as general business environment, the report is a collaboration between the Chinese state news agency, Xinhua, and …
Singapore retains top spot as international shipping centre Read More »
In its recent Marine Safety Alert 06-19 (here), the United States Coast Guard (USCG) shares its findings from an investigation into a cyber incident onboard a commercial vessel: “In February 2019, a deep draft vessel on an international voyage bound fo…
Ship operators cannot afford to turn a blind eye to cyber security Read More »