As Israel’s bombing of Iran’s gas facilities signals a protracted war, attention is turning to the fate of ships that Korean shipbuilders built and were set to send to the Middle East. That is because delivery of the liquefied natural gas (LNG) carriers won in bulk...

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BIMCO is pleased to announce the successful launch of its new Laytime Network, created for owner members with professionals whose core responsibility is laytime/demurrage analysis across dry bulk or tanker sectors. This network held its first online session recently,...

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Naval escorts for oil tankers and other merchant vessels through the Strait of Hormuz have limited power to restore the free flow of shipping through the critical chokepoint, as they cannot eliminate risk, the head of the International Maritime Organization said March...

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Spot rates for US chemical tankers ex-US Gulf surged this week as the conflict in the Middle East has tightened chemical supply in Europe and has caused a shortage of space in the US Gulf-to-Europe trade lane, while Asia-US container rates edged higher as the...

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The US and Israel have launched coordinated strikes against Iran in the most consequential escalation of tensions in the Middle East in more than a decade. The attacks have resulted in the deaths of Iran’s Supreme Leader, Ayatollah Ali Khamenei, several senior...

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