Europe Rotterdam’s B30-VLSFO (POMEME) price has dropped $85/mt in the past week. The Dutch port’s conventional VLSFO price has fallen $67/mt lower, which has cancelled out any support from a Prima Markets-assessed ARA POMEME barge price gain of $27/mt. Gibraltar’s...

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More than three months after the US and Israel first began their war with Iran, the White House and the Iranian regime have agreed a framework deal to bring about a more long-term end to hostilities. The Middle East crisis sent global oil prices soaring as the...

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Shipowners with older or harder-to-place vessels may have a stronger opportunity to test the recycling market over the coming months, as limited demolition supply continues to support recycler appetite despite weaker steel conditions in some key markets. Wirana...

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BIMCO’s executives issued the following comments, after the reported deal between the US and Iran. From Jakob Larsen, Chief Safety & Security Officer at BIMCO: “The statements by the US and Iran are currently unclear and do not offer sufficient information...

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Capital Tankers Corp., an international shipping company focused on crude oil transportation, today announced the acquisition from Capital Maritime & Trading Corp. (“Capital Maritime”) of three VLCC shipbuilding contracts for vessels under construction at Hengli...

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