Ships collide in Hormuz Strait in shadow of Israel-Iran war
OMAN : Two oil tankers have collided in the Strait of Hormuz, the world’s most critical oil checkpoint just off the coast of Iran. British maritime security monitor Ambrey said that the collision on
SHIPPING: Asia-US container rates flat to higher as capacity reduction offers support
LONDON : Rates for shipping containers were stable to higher this week as carriers have reduced capacity by 4-5% along the trade route amid efforts to stop the slide in prices, but capacity could
Shipping risks via Red Sea remain elevated despite Israel-Hamas ceasefire
LONDON : Most shipping companies and charterers will continue to route their tankers and cargoes via the longer Cape of Good Hope for the time being, despite the ceasefire agreement between Israel and Hamas,
Product Tanker deliveries seen jumping 256% to 16-year high : BIMCO
LONDON : “According to current delivery schedules, product tanker newbuild deliveries are set to reach 12m deadweight tonnes (DWT) in 2025. Deliveries will therefore jump 256% compared to the 3.4m DWT delivered in 2024.
Trump presidency seen as bullish for tanker rates in US, Middle East; Russia wild card
WASHINGTON D. C. : A second Donald Trump presidency could push up tanker rates in the Middle East and the US Gulf while ushering in great uncertainty over Russia-related trades, some analysts recently said
Product tanker contracting hits 18-year high after 17% rise year on year
LONDON : “During the first seven months of this year, 194 product tankers larger than 10k deadweight tonnes (DWT) have been contracted with a combined capacity of 13.3m DWT. This is a 17% increase