The product tanker market has entered the new year in a more positive note, than perhaps initially expected. In its latest weekly report, shipbroker Affinity Research said that “at times in December, the AG LR list looked long, and sceptics were projec…
Product Tanker Market Prospects Looking Rosy at the Start of 2026 Read More »
The US military’s ouster of Venezuelan President Nicolás Maduro could significantly redraw global crude flows, and although the ultimate direction of Venezuelan oil exports remains highly uncertain, any shifts in these flows will materially influence c…
Venezuelan crude redirection to the US: A net positive for Crude tankers Read More »
Global seaborne iron ore exports climbed to a near-record 38.50 Mt in the week ending 28 December, as miners expedited quarter-end shipments for reporting purposes. Rio Tinto led the charge, with loadings surging to a three-year high of 7.72 Mt, while …
2025 Dry bulk carrier earnings lag 2024 across all classes despite strong H2 performance Read More »
Somalia’s government said on Monday it is annulling all agreements with the United Arab Emirates, including port deals and defence and security cooperation, accusing the UAE of undermining its national sovereignty.”This decision is based on…
Somalia Ends Port Deals, Security Cooperation with UAE Read More »
Two China-flagged supertankers that were sailing to Venezuela to pick up debt-paying crude cargoes amid the U.S. oil embargo on the OPEC country have made u-turn and are now heading back to Asia, LSEG shipping data showed on Monday.Following the U.S.
Supertankers Picking Up Venezuelan Oil for China Turn Around Read More »