On 20 July, Houthi forces declared a full maritime blockade against Saudi Arabia, closing the Bab al-Mandab Strait to vessels servicing Saudi ports. Following this move, Tanker Xin Long Yang, a Chinese VLCC carrying Saudi crude, turned back towards Sue…
How Conflict in the Middle East is Impacting Maritime Read More »
As Red Sea hostilities continue to force widespread maritime diversions around the Cape of Good Hope, leading bunker company Peninsula is warning of a “perfect storm” for global tanker operators. The unprecedented surge in tonne-mile demand is now inte…
Polys Hajioannou-led company says it can both invest and reward shareholders
Safe Bulkers hikes dividend again after posting biggest profit in four years Read More »
New York-listed shipowner says it is in dialogue to resolve ‘issue’ with Confidence Petroleum
Navigator Gas ship arrested in India amid dispute with charterer Read More »
Two mining companies suspend operations, including one whose bulker suffered fatal attack