With VLSFO topping $1,000/mt in some ports, bunkers can represent up to 60% of total voyage costs[1]. A vessel burning just 5% above CP spec creates exposure that shipowners and operators only discover after the fixture is done. This article breaks dow…
A ship was reported seized by Iranian personnel off the United Arab Emirates and headed for Iranian waters on Thursday while the White House said U.S. President Donald Trump and Chinese President Xi Jinping had agreed on the need to keep the…
Ship Seized by Iran Off UAE, Trump Discusses Hormuz Shipping Lanes with Xi Read More »
Marco Rubio says Beijing and Washington agree on Iranian toll proposal
China opposes toll and ‘militarised’ Strait of Hormuz, US officials say Read More »
Sale came with tank-barge owner’s stock in record territory
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India said on Thursday that an Indian-flagged wooden cargo vessel had sunk while sailing through Omani waters following a fire from a suspected drone or missile strike.The vessel is the second to have been sunk in the region since the Iran conflict beg…
India-Flagged Cargo Vessel Sinks Off Coast of Oman After Suspected Attack Read More »