At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed. The U.S. Treasury Department this week-imposed sanctions on more than 115...
The recent tightening of sanctions enforcement on Iranian and Russian oil by the US and EU may lead to notable shifts in global tanker trade patterns. On July 30, the U.S. Department of the Treasury announced sanctions targeting over 100 Iran-linked individuals,...
Capesize The gains in the Capesize time charter average from last week were reversed, with the 5TC closing at $27,331 on Friday—down $4,425 week-on-week. The surge in the North Atlantic paused, with fronthaul rates settling thick below $50,000 and the transatlantic...
The global bulk carrier fleet is aging. With a 12% annual increase in carriers aged 21 years or older and 32% of global tonnage now over 15 years old, a significant proportion of the world’s bulker ships are reaching the latter part of their operational lifespan....
Pan Ocean announced on July 31 that its sales for the first half of this year increased by 21.6% year-on-year to 2.6871 trillion won, while operating profit rose by 1.3% to 236.3 billion won. Quarterly, second-quarter sales increased by 4.9% year-on-year to 1.2936...
GTT, a technology and engineering group specialising in containment systems for liquefied gases, today announced the completion of its acquisition of Danelec[1], a leading provider of advanced digital solutions for maritime data collection and analysis. This strategic...
