Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions, including compensation and an end to sanctions and military threats, before the…
Iran Ties Hormuz Reopening to US Concessions Read More »
Saronic has expanded its operations to Gulfport, Mississippi, establishing an initial site for on-water testing of the company’s medium unmanned surface vessel (MUSV), Marauder, at the Port of Gulfport.As production of Saronic’s Marauder platform conti…
Saronic Selects Port of Gulfport for Marauder On-Water Testing Read More »
With crude oil loading hubs in the Middle East already under pressure, things aren’t so bright either in other parts of the world. In its latest weekly report, shipbroker Gibson said that “after the disruption at the start of the year, when crude expor…
Tanker Market: Can Kazakh Crude Fill the Gaps? Read More »
Capesize The market enjoyed a notably stronger week overall, with sentiment remaining firmly positive throughout. Strength in both the Pacific and Atlantic basins underpinned the rally, driving the BCI 5TC from $41,395 at the start of the week to $46,5…
Dry Bulk Market: Capesizes Showing Strength Read More »
As shipping explores pathways towards net zero, interest in nuclear propulsion continues to grow. Governments, regulators, reactor developers, shipbuilders and shipowners are working together to address the technical, regulatory and commercial issues a…
Momentum builds behind nuclear shipping Read More »