Over the past four years, tanker markets have been reshaped by geopolitical shocks, with freight volatility increasingly driven by inefficiencies rather than pure cycles. The Russian invasion of Ukraine triggered a major reconfiguration of crude and pr…
Long Voyages in a Fragmented World: The Evolution of Tankers Read More »
“During April to May, Western Africa’s clean petroleum product (CPP) imports fell 44% year on year, from 1,144 thousand barrels per day (kbpd) to 642 kbpd,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. The drop in import volumes cut ton…
Western Africa’s import of clean petroleum products drops 44% year on year Read More »
U.S. President Donald Trump said on Wednesday that the United States will attack Iran if no peace deal is secured and that the U.S. military secretly escorted ships carrying more than 100 million barrels of oil out of the Strait of Hormuz.”We’re going …
Trump Threatens to Attack Iran, Claims Oil Has Been Transported Through Hormuz Read More »
Trio claim they were ousted to ‘silence’ disagreement on bulker operator’s board
The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict…
Shipping Costs Spike Amidst Iran War Anxiety Read More »