Maersk Tankers closed on the acquisition of US-based tanker pool operator Penfield Marine last week, expanding its crude and product tanker reach.
![Front view of tanker at sea]( "Front view of tanker at sea")
Strength in the fundamentals of the tanker market are seen in the coming year as the sector continues to benefit from geopolitical turbulence and resulting disruption.
Houthi rebel leader Muhammad Ali Al-Houthi has ordered his forces not to fire on vessels transiting the Red Sea which declare they have no connection to Israel.
As more and more ships divert from the Red Sea over the threat from Houthi rebels opinion writer Michael Grey warns the situation should not be allowed to drift on.
The ClarkSea index dropped 37% last year, however it was compared to an exceptional year in 2022 that was fuelled by the container markets.
NYK’s President has pointed to multiple geopolitical challenges affecting its ability to make immediate judgments on the group’s position in many countries.
Mental Health Support Solutions (MHSS) is offering pro bono critical mental health support to vessels in the Red Sea and Gulf of Aden high risk areas.
Twelve nations have warned the Houthis against further attacks in the Red Sea on the day the UN Security Council met to discuss the situation.
How will global the macro-economic outlook impact shipping markets in 2024?
