The Suez Canal Authority (SCA) said it had successfully attached tows to the LNG carrier BW Lesmes and aframax tanker Burri which blocked the waterway following a collision early Wednesday.
Singapore shipowner Pacific Carriers Ltd (PCL) celebrating its 50th anniversary this year is best known for its dry bulk business, but more recent years has also moved into the product tanker sector where it sees further opportunities.
A recent analysis of Saudi Arabia’s role in oil products movements by New York broker, Poten & Partners, outlines the impact of the Ukraine conflict on some key trades.
A Ukrainian initiative to allow vessels trapped at the country’s ports since the Russian invasion in February 2022 is doomed to failure without the Kremlin’s approval, according to local sources.