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Special Report: Focus on Latin American Shipping 2022

Sep 26, 2022

DP World eyes UK container ascendancy as Felixstowe strike nears

Sep 26, 2022

3.7m tonnes of agricultural exports from Ukrainian ports

Sep 26, 2022

Positive outlook for energy shipping, says Clarkson

Sep 26, 2022

Sep 16, 2022

Panama Canal waters overflow on the west lane of the Gatun Locks

Sep 14, 2022

A bridge over the Malacca Straits?

Sep 12, 2022

Suez Canal to hike transit tolls in 2023

Sep 19, 2022

Listen to the latest maritime conversation...

Highlights

Europe’s shift from Russian oil creating ‘massive stimulus’ for tankers

Sep 12, 2022

Tankers generally, but VLCCs in particular, will benefit spectacularly as Europe’s energy trades transform and the ban on Russian crude...

Guy Neivens, ceo, Al Seer Marine (IHC Video)[34].jpg

Al Seer Marine buys VLCC pair for $110m

Jun 21, 2022

Abu Dhabi-based shipping outfit, Al Seer Marine, has bought two VLCCs to add to its growing tanker fleet.

Bunker price crosses $1,000 per tonne in Singapore

Mar 09, 2022

The bunker price in Singapore crossed the $1,000 per mark on Wednesday morning as the market braces for yet...

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BP, Equinor exiting Russian investments

Feb 28, 2022

Energy companies are moving to exit their Russian investments in response to the Ukraine conflict.

Tanker rates rocket on Ukraine conflict, outlook uncertain

Feb 28, 2022

Tanker rates on certain routes responded almost immediately to Russia’s three-pronged attack on Ukraine last Thursday. Freight rates for tankers set to load in both Baltic and Black Sea ports rocketed, with Baltic rates spiralling 240% within hours.

Oil price shoots up as Russia invades Ukraine

Feb 24, 2022

Global sea trade suffered another major knock this morning as Russia’s invasion of Ukraine drove oil prices up by about 8%, something that will filter through to already sky high bunker prices.

Oil prices ease marginally but unease persists over Ukraine

Feb 15, 2022

Brent crude oil traded above $95 for a spell on Monday before easing back to the mid $94s as uncertainty reigns over Russia’s intentions in Ukraine.

Tanker at sunrise on Singapore anchorage

Oil supply increase should cheer beleaguered tanker owners

Feb 07, 2022

Increasing oil production from OPEC+ members could spell better times for tanker owners.

Euronav slumps to $339m loss in 2021, omicrom derails Q4 recovery

Feb 03, 2022

Leading large tanker owner Euronav slumped to a $339.2m loss for 2021 as the omicron variant stalled a hoped for recovery in Q4.

‘Black swan event’ needed for tanker rates revival

Jan 17, 2022

London-based shipbroker, Gibson, has declared that the tanker market requires a “black swan event” to revive its flagging...

China’s first carbon neutral oil cargo certification

Sep 24, 2021

Cosco Shipping, Sinopec and China Eastern Airliners jointly certified China’s first ship carbon-neutral crude oil cargo at Shanghai.

Key first-half VLCC rates plunge to lowest levels this century

Jul 19, 2021

Spot VLCC rates on the benchmark TD3C trade representing 270,000 dwt vessels between the Middle East and China, plunged to just $500 per day, according to Gibson Shipbrokers, the lowest level since the firm’s records began in 2000.

Houthis attack key Saudi Aramco oil port

Mar 08, 2021

A drone and ballistic missile attack targeted Saudi oil port Ras Tanura on 7 March as part of a wider attack on the kingdom by Yemen’s Houthi rebels.

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