A Yemeni Houthi official said on Sunday that the Iran-aligned group’s response to the U.S. attack on Iran was “only a matter of time.”Mohammed al-Bukhaiti, a member of the Houthi movement’s political bureau, told Al Jazeera Mubasher TV that…
Houthi’s Response to US Attack “Only a Matter of Time” Read More »
The Shell-led LNG Canada facility has produced its first LNG for export in Kitimat, British Columbia, a spokesperson for the project confirmed on Sunday.The milestone comes in advance of the facility loading its first LNG export cargo, which…
LNG Canada Produces First LNG for Export Read More »
With the threat of the closure of the Hormuz Strait gaining substantial ground after the weekend’s developments, it’s safe to say that any analysis about the tanker market can immediately become obsolete. This is further testament to the volatile natur…
Tanker Market Caught in War and Geopolitics “Fever” Read More »
Capesize The Capesize market trended downward this week, with sentiment consistently softening, particularly in the Pacific. C5 rates came under pressure as iron ore volumes from West Australia declined. While coal cargoes from East Australia offered s…
Dry Bulk Market: Capesize Market on the Back Foot Last Week Read More »
A clear uptick in casualties in 2024, driven by machinery damage/failure and an ageing fleet, stands out in the latest analysis of Lloyd’s List Intelligence casualty data. The number of maritime casualties rose by 15% in 2024. Coupled with a 7% rise in…
DNV: Ageing fleet driving increase in incidents Read More »