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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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,...

Read More