Named for late lawmaker Lindsey Graham, law would target shadow fleet shipping, buyers of Russian oil and the banking sector
Deal paves way for US Senate vote to ramp up sanctions on Russia Read More »
Third press release in two days between the companies revives VesselsValue question
‘Stop the theatre’: Diana and Genco return to spatting over bulker values Read More »
Newbuilding ordering activity has kept going strong over the past week. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding activity remained brisk this week, with contracting spread across the dry bulk, tanker, container and …
Newbuilding Market Still Running “Hot” Read More »
On 20 July, Houthi forces declared a full maritime blockade against Saudi Arabia, closing the Bab al-Mandab Strait to vessels servicing Saudi ports. Following this move, Tanker Xin Long Yang, a Chinese VLCC carrying Saudi crude, turned back towards Sue…
How Conflict in the Middle East is Impacting Maritime Read More »
As Red Sea hostilities continue to force widespread maritime diversions around the Cape of Good Hope, leading bunker company Peninsula is warning of a “perfect storm” for global tanker operators. The unprecedented surge in tonne-mile demand is now inte…