“During April to May, Western Africa’s clean petroleum product (CPP) imports fell 44% year on year, from 1,144 thousand barrels per day (kbpd) to 642 kbpd,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. The drop in import volumes cut ton…
Western Africa’s import of clean petroleum products drops 44% year on year Read More »
U.S. President Donald Trump said on Wednesday that the United States will attack Iran if no peace deal is secured and that the U.S. military secretly escorted ships carrying more than 100 million barrels of oil out of the Strait of Hormuz.”We’re going …
Trump Threatens to Attack Iran, Claims Oil Has Been Transported Through Hormuz Read More »
Trio claim they were ousted to ‘silence’ disagreement on bulker operator’s board
The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict…
Shipping Costs Spike Amidst Iran War Anxiety Read More »
Two vessels under Panamanian and Barbadian flags were damaged after being attacked while moving through Ukraine’s Black Sea navigation corridor, the Ukrainian Ports Authority said on Wednesday.The authority, writing on Telegram, said one vessel was hea…
Two Vessels Under Panama, Barbados Flags Damaged in Attack in Ukrainian Waters Read More »