The structural decline in likely oil demand as a result of global climate policy may be daunting for many oil producers, but not those located in the Gulf for whom the outlook is ‘rosy’, according to a Special Report published in the most recent...
As shipowners and charterers avoid the Red Sea due to Houthi attacks and divert via the Cape of Good Hope they are faced with a hefty additional fuel bill.
After overcoming attempts to block its mandatory takeover bid in the US and Europe, CMB has closed the deal and now controls 88.61% of Euronav’s shares.
As the spring 2025 deadline for turning IMO’s revised GHG strategy into regulation approaches, progress was made last week at meeting 16 of the Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG GHG 16).
Greek shipowners have piled on newbuildings contracts over the last 12 months with the orderbook growing by over 50% according to figures published by the London-based Hellenic Shipping Cooperation Committee (GSCC).
The US State Department Special Envoy for Iran, Abram Paley called on Panama to de-flag Iranian tanker vessels, suspected to evading sanctions imposed by Washington.
Shipping demand, new energy cargoes and the impact of very worrisome “unknown unknowns” that come from wars and diplomacy.