Tanker burning in Gulf of Oman was hit by US fighter jet
Vessel was sanctioned for carrying Iranian fuel oil and bitumen
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Maritime News
VLCC Market Seems to Be Stabilizing
The VLCC tanker market seems to be witnessing reduced volatility after a multi-week turbulence. In its latest weekly report, shipbroker Gibson said that “the global VLCC market appears to have entered a phase of cautious stabilisation with freight rate…
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Choke points, energy shock and policy drift
Global trade today is at the centre of a ‘structural stress’ in which geopolitics, energy dependency and climate constraints are crashing together to reshape flows of goods, capital and policy priorities. That was the central theme of a recent wide-ran…
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India’s coal gasification drive adds fresh momentum to the coal trade and bulk shipping
Coal gasification is increasingly emerging as an additional driver of coal trade and dry bulk shipping demand. While it is unlikely to fundamentally reverse the long-term transition away from coal, it is gradually creating new industrial demand beyond …
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Diana Shipping pivots in proxy fight by withdrawing most nominees. Genco calls it ‘gamesmanship’
Semiramis Paliou-led shipowner’s move comes after failing to secure proxy firms’ stamp of approval for board takeover