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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The Secretary-General of the International Maritime Organization (IMO), Mr. Arsenio Dominguez welcomes with great satisfaction the peace agreement reached between the parties in the conflict affecting the Strait of Hormuz. This signals a crucial return to peace,...

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The Strait of Hormuz remained under acute operational pressure between June 11 and June 14. AIS-visible commercial traffic stayed near zero, IRGC small-craft activity surged, and covert export infrastructure continued functioning despite sustained U.S. enforcement....

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The Baltic Exchange dry bulk freight index decreased 0.3% to 2720 on Monday, the lowest since April 30. The capesize index, which typically transport 150,000-ton cargoes including iron ore and coal, fell 1.3% to 4053. On the other hand, the panamax index, which...

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