Oil prices climbed more than $2 a barrel Thursday as Iran declared the critical energy chokepoint, the Strait of Hormuz, closed after the U.S. launched additional strikes against Iran.Brent futures LCOc1 rose $2.30, or 2.47%, to $95.40 a barrel, while …
Oil Rises $2 as Iran Announces Closure of Strait of Hormuz Read More »
New analysis from Danish Shipping Companies shows that the price difference for bunker oil in Singapore and Rotterdam set a new record in the spring of 2026. The difference hit $362 per ton in mid-March, with price shocks hitting Asia much harder than …
Record High Bunker Oil Price Difference Between Asia and Europe Read More »
Royal Caribbean has officially welcomed Legend of the Seas. After nearly two years of construction at the Meyer Turku shipyard in Turku, Finland, the third Icon Class ship is now ready to make its July 2026 European debut.To mark the milestone…
Royal Caribbean Welcomes Legend of the Seas Read More »
The ship recycling market was softer over the course of the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the Indian market recorded a modest correction this week; however, this should…
Ship Recycling Activity Softer Last Week Read More »
Over the past four years, tanker markets have been reshaped by geopolitical shocks, with freight volatility increasingly driven by inefficiencies rather than pure cycles. The Russian invasion of Ukraine triggered a major reconfiguration of crude and pr…
Long Voyages in a Fragmented World: The Evolution of Tankers Read More »