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The ship recycling has remained challenging over the course of the past few days. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that

VLCC freight rates surged over $100,000pd, following the rise in OPEC+ output and a sharp rebound in tanker demand, which drove second-hand values to a new peak in October. This

The maritime industry is experiencing a phase of rapid technological development. The shift from paper charts to continuous digital connectivity is resulting in a myriad of operational changes. With it,

More Capesizes have been added to the global orderbook over the past week, according to shipbroker reports. In its latest one, shipbroker Banchero Costa said that “in the bulk sector,

The strong rally in crude tanker stocks this year has been driven by a surge in charter rates, underpinned by rising oil inventories due to increased OPEC+ supply. Tanker stocks

Warren Buffett recently affirmed a principle at the heart of global progress: “balanced trade is good for the world,” noting, “the more prosperous the rest of the world becomes, …

As expected, tankers command the largest share of the global sanctioned fleet. In its latest weekly report, shipbroker Xclusiv said that “the global sanctioned fleet now totals 1,387 vessels, dominated

Saudi Aramco’s recent price cut, bringing it to the lowest since August 2023, has intensified competition with the US and boosted its share in the Asian market, leading to dynamic

The 2025 Atlantic hurricane season has so far offered a reminder to those in the industry of just how unreliable long-range forecasts can be on their own. Early outlooks pointed