An LNG tanker managed by UAE’s ADNOC has crossed the Strait of Hormuz and appears to be near India, ship-tracking data showed on Monday.If confirmed, this will be the first loaded LNG tanker to cross the strait since the Iran war started on February 28.
ADNOC LNG Tanker Crosses Strait of Hormuz Read More »
President Donald Trump granted a 90-day extension to a shipping waiver that makes it easier to move oil, fuel and fertilizer around the United States, the White House said on Friday, the latest effort to curb rising energy costs linked to the…
Trump Grants 90-day Extension to Jones Act Waiver Read More »
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 »