The Baltic Exchange’s main sea freight index, tracking rates for ships transporting dry bulk commodities, declined for the tenth straight session on Monday on weakening demand for capesize vessels.The overall index, which factors in rates for capesize…
Capesize Rate Drag Baltic Index Down for Tenth Straight Session Read More »
Iran’s armed forces will protect Iranian oil tankers against any threats, an Iranian military official said on Monday after the United States called the ships a “floating liability” and warned ports operators not to allow them to dock.The United States…
Iranian Military Ready to Protect Oil Tankers Read More »
Overseas Shipholding Group (OSG) closed the first nine months of this year with improved earnings.
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Overseas Shipholding Group Expects to Benefit from Improving Market Read More »
A new ice-breaking tanker capable of navigating the Arctic on its own is set to load its first liquefied natural gas (LNG) shipment from Russia’s fast-expanding Yamal facility.The Georgiy Brusilov left South Korea’s Daewoo Shipbuilding and Marine…
Ice-breaking Tanker Heads for Russia to Load Yamal LNG Read More »