On 13 July 2026, US Central Command announced a renewed naval blockade of Iranian ports (effective 14 July), ending a 60-day ceasefire following Iran’s 7 July attacks on commercial vessels in the strait. Average daily dry-bulk transits through th…
Strait of Hormuz — a Renewed Blockade Impairs Dry-Bulk Crossings Read More »
A more positive sentiment was evident in the ship recycling markets, over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the Alang ship recycling market showed some improvement in s…
Ship Recycling Markets Showing Positive Signs Read More »
“During the last two weeks of July, dirty tanker loadings from Russian Black Sea and Sea of Azov ports fell 62% compared to the previous four weeks’ average. Exports averaged 0.98 million barrels per day (mbpd) compared to 2.59 mbpd in the previo…
Dirty tanker loadings drop 62% from Russian ports in the Black Sea and Sea of Azov Read More »
Dear Secretaries General, We are writing to you to reiterate our concerns regarding the potential imposition of tolls or service fees in the Strait of Hormuz. As the International Maritime Organization has highlighted repeatedly, since the beginning of…
The tanker market could be faced with a totally different scenario in the future, regardless of what happens in the Strait of Hormuz, since, it now looks that the previous status won’t return, even after an agreement is reached between Iran and the US….
Will the Gulf Oil Be Transported By Land in the Future? Read More »