Ship rates spiking 467% marks upended trade across commodities
LONDON: Rates to ship commodities from energy to bulk ores across the world’s oceans are heading for a rare year-end surge as conflicts, sanctions, and swelling output upend global supply lines. Daily earnings to
Two ships of Russia’s sanctioned shadow fleet caught fire in the Black Sea off Türkiye
LONDON: Two sanctioned oil tankers, the Kairos and the Virat, have caught fire in the Black Sea a few dozen nautical miles off the Turkish coast. Their crews are safe as the causes of
Geopolitical Uncertainties dominate at TMS Tanker Shipping Conference 2025
DUBAI: The Maritime Standard recently held its most successful Tanker Conference yet, as over 400 delegates registered to attend in person at the Atlantis, the Palm, Dubai recently. The tenth conference in this series,
OCIMF launches Focused Inspection Campaign on ship hardening to strengthen onboard security defences
LONDON: Oil Companies International Marine Forum (OCIMF) has launched a Focused Inspection Campaign (FIC) under its SIRE 2.0 tanker inspection programme aimed at reinforcing maritime security readiness across the global tanker fleet. The initiative
Urals freight rates to India accelerate in October amid high exports, tighter sanctions, sources say
LONDON: Freight rates for shipping Urals crude from Russia’s western ports to India rose sharply in October, driven by strong export volumes and mounting sanctions pressure, industry sources told Reuters. U.S. President Donald Trump
23 Indian crew rescued after LPG Carrier catches fire off Yemen coast ; 2 still missing
YEMEN : 23 Indian crew members onboard MV Falcon, which caught fire and was adrift off the Yemen coast following an explosion, have been rescued and safely handed over to the Djiboutian Coast Guard.
Tanker freight rates for Russian crude to India climb on higher seaborne exports, sources say
LONDON: Tanker freight rates for shipping Urals crude from Russia’s western ports to India rose further in late September and early October, tracking a sharp increase in loadings last month, industry sources said. Indian
Adani Hazira Liquid Terminal sets a new record
HAZIRA : Adani Ports and Sez(APSEZ) of Hazira Liquid Terminal sets a new record by handling In just one day, 734 tankers and moved an incredible 21,645 metric tonnes of cargo — the highest single-day throughput ever.