EU proposes naval mission to clear Hormuz mines

EU proposes naval mission to clear Hormuz mines
The European Union has put forward a proposal for its Aspides naval mission to assume “the primary role” in clearing mines in the Strait of Hormuz “when conditions allow” as part of a Franco-British-led initiative, according to a Reuters report Wednesday citing an...
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Atlantic MR pressure shifts: Navigating the split

Atlantic MR pressure shifts: Navigating the split
Global tanker markets faced widespread downward pressure in late May. VLCC, Suezmax, and Aframax freight rates across key routes declined due to structural oversupply and influxes of ballast vessels. While Cross-Med Aframaxes and MEG-Japan LR2s managed to trade flat...
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