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Container line schedule reliability remains static at around 40%

Jul 29, 2021

GSBN establishes cooperation with eight Chinese maritime companies

Jul 29, 2021

Warning of officer shortage, but who will want to be a seafarer in future?

Jul 29, 2021

FMC seeks to address port and supply chain issues

Jul 29, 2021

DP World reports 13.9% container volume growth in H1

Jul 29, 2021

On-Demand Webinar: How Does Technology Support the Green Transition of Container Ports & Ships?

Jul 28, 2021

ITF calls for immediate release of Wakashio crew held for a year without charge

Jul 28, 2021

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Follow the latest news covering Panama's maritime & shipping sectors.

Highlights

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...

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...

Tanker shipping tonne-mile demand down 5% in 2020

Feb 08, 2021

Tonne-mile demand for crude oil tankers has fallen by 5% in 2020 compared to 2019, largely in line with the...

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Tanker shipping outlook looks promising up till 2025

Feb 04, 2021

The medium-term outlook for tanker shipping until 2025 looks promising with a more balanced demand-supply equation, support for demand activity and better earnings, according to a latest report by McQuilling Services.

US restrictions on Canada’s oil pipeline may benefit tanker shipping

Jan 25, 2021

Recent US moves to restrict pipeline imports of Canada’s crude oil may benefit the tanker shipping market, as the Canadian crude will be finding other outlets via sea transportation to Asia or the US Gulf, according to Poten & Partners.

Crude oil shipments boost Port of Corpus Christi to 2020 tonnage record

Jan 22, 2021

The Port of Corpus Christi ended 2020 with record tonnage, mainly due to a 65% increase in crude oil shipments from the previous year.

Monjasa deploys crude tanker as floating storage off West Africa

Dec 23, 2020

Global oil and shipping group Monjasa has deployed the 119,456-dwt crude oil tanker SKS Dokka as a new floating storage for its West Africa operations.

China’s dominance in tanker shipping will continue post-Covid-19

Dec 07, 2020

China is forecast to exert a growing impact on the tanker shipping market as many oil producers worldwide have become highly...

Tanker shipping faces ‘profound impact’ from changes in oil demand

Nov 10, 2020

The tanker shipping market, an industry that utilises assets with a 20-year lifespan, is facing a “profound impact” from...

Dearth of new orders underpins recovery in tanker shipping

Oct 22, 2020

The lack of tanker newbuilding orders, coupled with reduced freight and asset values over the past few months, are current...

Near-term US-China VLCC trades to spike, but uncertainties remain ahead

Sep 07, 2020

The VLCC market can look to an expected improvement in US Gulf exports to China over the coming weeks, though uncertainties will kick in by early-November, according to analyst Poten & Partners.

US stepping up sanctions on oil shipping

Aug 14, 2020

Reports have been emerging that the US has seized four product tankers said to be bringing Iranian gasoline to Venezuela.

Floating storage market came off quicker than expected: Euronav

Aug 06, 2020

Large tanker owner Euronav say the boom in the floating storage market has come off quicker than expected.

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