Ship attacked in Red Sea for first time in a year
Unknown armed assailants target bulker near Al Hudaydah
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Maritime News
Sanctioned tanker turned away from Hormuz Strait by US heads for recycling beach
While Kurdos Shipping’s oldest tanker faces the scrapheap, two younger vessels assume new identities
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VLCC: From Pricing Risk to Pricing Utilisation
The sharp correction in VLCC freight rates over recent weeks suggests the market is entering a new phase. During the height of the Strait of Hormuz disruption, freight was primarily driven by concerns over vessel accessibility and uncertainty in transi…
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Tanker Market: Russian Fuel System in Limbo
Russia’s ability to process crude has taken a hit lately, which in turn has shifted cargo flows towards more crude being pushed into seaborne exports. In its latest weekly report, shipbroker Intermodal said that “as the war in Ukraine extends into its …
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Dry Bulk Market: Capesizes End the Week on Firm Note
Capesize The market staged an impressive recovery over the course of the week, reversing Monday’s subdued sentiment to finish on a firmly bullish note. What began with thin cargo volumes, cautious trading and limited miner participation gradually evolv…
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