Tanker owners are, once again, on edge, because of a renewal of tension between Israel and Iran. In its latest weekly report, shipbroker Gibson said that “tensions between Israel and Iran are nothing new, but they came to a head overnight. The situatio…
Tanker Market on Edge as Iran-Israel Conflict Intensifies Read More »
The Israeli strikes on Iranian nuclear and military facilities on Friday 13th June, followed by Iran’s retaliatory actions, have heightened fears of a broader regional conflict and potential disruption to maritime traffic through the Strait of Hormuz (…
Drewry: Oil transit through Strait of Hormuz unlikely to be disrupted by regional unrest Read More »
“In a possible sign that the unwinding of OPEC+ production cuts could increase seaborne volumes, the combined crude tanker loadings of OPEC countries has jumped 24% week-on-week to 2.281 million barrels per day (mbpd) in week 23, the bloc’s highest wee…
OPEC’s crude tanker loadings jump 24% week-on-week Read More »
According to its most recent disclosure report, the majority of signatories to the Sea Cargo Charter (SCC) – a global climate alignment initiative developed by the Global Maritime Forum – reduced their emission intensity over the last year, reflecting …
The ICS Maritime Barometer Report 2024-2025, launched today by the International Chamber of Shipping (ICS), reveals a steady decline in confidence among global maritime leaders to manage the risks posed by increasing political instability, alongside a …