Hellenic Shipping News

Tanker Market in Unknown Territory After Russian Oil is Off Limits for Many Ship Owners and Traders

The tanker market is in the middle of yet another challenging situation, with predictions of future oil demand growth, now being thrown out of the window. In its latest weekly report, shipbroker Gibson said that “as the crisis in Ukraine escalates, so …

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‘Ukraine crisis and potential damaging effects on ship owners’/ship operators’ finances’

The escalation of the Ukraine /Russian crisis has highlighted the challenges shipping companies are facing due to growing geopolitical risks. Black Sea is a key transit point for agriculture products, metals and energy and is expected that the military…

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