The ship recycling market gained ground last week, as supply remained short. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market strengthened during the week due to the limited avail…
Ship Recycling Market Finding Renewed Support Read More »
Why maintenance records matter at handover Marine insurers have long emphasised that maintenance records should follow the vessel at changes of ownership or management. Gard addressed the issue in a Loss Prevention Circular in 2010, and IUMI reinforced…
The risk of taking over a vessel without its history Read More »
Russia introduced a ban on diesel exports on Wednesday as part of a raft of measures to support the domestic fuel market after systematic Ukrainian drone attacks on oil refineries triggered shortages and price spikes in some regions.Drivers in many reg…
Russia Bans Diesel Exports After Ukrainian Strikes Trigger Domestic Shortages Read More »
Oil prices jumped nearly 5% on Wednesday, hitting a two-week high after U.S. President Donald Trump warned Iran that the United States will likely engage in additional strikes on Wednesday night after attacks the previous day, adding that they…
Oil Prices Rise Almost 5% As Trumps Warns of Additional Iran Attacks Read More »
Chevron-chartered oil tanker Yasa Polaris, used for Caspian Pipeline Consortium shipments, was hit by a drone off Russia’s Black Sea coast, the vessel’s managing company said on Wednesday, as Kyiv steps up attacks on Russian energy targets.Ukrainian…
Chevron Oil Tanker Hit by Drone in Russia-Ukraine Conflict Read More »