Pressure mounts to ease financial restrictions on scrapping sanctioned tankers at approved yards
Dark fleet fears shift from high seas to the demolition beaches of Alang Read More »
The existing blockade of the Hormuz Strait could be far reaching and have long-lasting effects in the tanker market, essentially increasing ton-mile demand. In its latest weekly report, shipbroker Intermodal said that “in the VLCC market, Basrah export…
Tanker Market: Ton-Mile Demand Could Shift Read More »
The conflict has triggered a sharp repricing across tanker freight, but the response has not been uniform. Crude and clean tankers both rallied as disruption risk centred on the Middle East Gulf forced charterers and owners to reassess exposure to the …
Tanker freight behaviour diverges after the conflict shock Read More »
Events in the Middle East are once again reminding the world of a fundamental truth: global supply chains are not abstract systems. They are physical, exposed, and deeply intertwined with the wider world economy. Disruption in one region now reverberat…
BIMCO: Geopolitics, supply chains – and the human face of global trade Read More »
The U.S. Interior Department said on Monday that it had reached a deal to end two offshore wind leases off the coasts of New Jersey and California.Both projects are managed by Ocean Winds, a joint venture between ENGIE and EDP Renewables.(Reuters)
US Government to End Two Offshore Wind Leases Read More »