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Global Shipping Faces “perfect storm” – leading bunker supplier warns of supply squeeze and hidden fines as route diversions collide with regulations

As Red Sea hostilities continue to force widespread maritime diversions around the Cape of Good Hope, leading bunker company Peninsula is warning of a “perfect storm” for global tanker operators. The unprecedented surge in tonne-mile demand is now inte…

Global Shipping Faces “perfect storm” – leading bunker supplier warns of supply squeeze and hidden fines as route diversions collide with regulations Read More »

Strait of Hormuz crossings drop 70% as tanker traffic shifts almost entirely to the Iranian route

Middle East oil supply won’t return to pre-war levels this year. Kpler risk and compliance data shows daily Strait of Hormuz crossings falling from roughly 45 to just 13 following the return to conflict, and the vessels still crossing have moved …

Strait of Hormuz crossings drop 70% as tanker traffic shifts almost entirely to the Iranian route Read More »