‘Next leg of support’: China set to provide fresh boost to hot tanker market
China has been pulling from its oil stockpiles since the US-Iran war began
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Oil Prices Rise 3% as Iran Demands US Cooperation
Oil prices jumped 3% on Monday after Iran said the U.S. must lift sanctions on Tehran, pay reparations and meet a number of other conditions before the Strait of Hormuz is reopened.Brent crude futures were up $2.48, or 3%, at $86.03 a barrel by 10:44 a…
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OPEC Oil Output Rises in July as Gulf States Restore Operations
OPEC oil output rose further in July, a Reuters survey found, as Gulf members restored supplies that were shut due to the Iran war and effective closure of the Strait of Hormuz.Output by the 11-member Organization of the Petroleum Exporting…
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Maersk Training Sold to OpenGate Capital
A.P. Moller – Maersk (Maersk) has entered into an agreement to sell Maersk Training and its subsidiary Maersk H2S Safety Services to Open Gate Capital, an industrial, corporate carve-out specialist. The agreement remains subject to customary closing co…
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d’Amico International Shipping snaps up half-price product tanker via purchase option
Boss di Mottola had told TradeWinds a deal was imminent
d’Amico International Shipping snaps up half-price product tanker via purchase option Read More »