More VLCCs managed to secure employment in August, as higher demand for crude spurred by stronger refinery processing and robust refined products cracks in the Atlantic Basin boosted utilization rates significantly. Demand for shipping crude oil increased, due to more...

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Excluding intra-EU trade, the European Union’s average monthly clean oil product imports amounted to 10.0 million tonnes in 2019 but declined to 9.3 million tonnes in 2020 and 2021. Due to the high import volumes in July to October, the 2022 year-to-date average...

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During Maritime Cyprus 2022, maritime learning and operational technology company, Ocean Technologies Group (OTG), signed a new cooperation agreement with Safe Bulkers Management Ltd. and Safety Management Overseas S.A, the managers of Safe Bulkers Inc., with the aim...

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The dry bulk market has failed to impress over the past few weeks, with the gloom now starting to translate to asset values as well. In its latest weekly report, shipbroker Allied Shipbroking said that “it is a fact that conditions in the dry bulk market have been...

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Bangladeshi company Marine Trust Limited began transporting goods on the Chattogram-Kolkata route in 2017 with four ships, but the company has now stopped its shipping operations on the route. A few other companies, including Neepa Paribahan Ltd, the first ship...

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