Latest News
The latest energy, maritime and bunker industry news worldwide.
Latest News
The latest energy, maritime and bunker industry news worldwide.
Keeping You Informed
Venezuela: Six Straight Months of Rising Crude Liftings
Signal Ocean voyage data confirms a sustained ramp in seaborne crude liftings from Venezuela through 2026. On a 7-day moving-average basis, monthly volumes have risen in unbroken succession from approximately
Dry Bulk Market: China’s Iron Ore Demand Stronger in 2026
China’s iron ore imports so far in 2026 have been on the rise compared to last year. In its latest weekly report, shipbroker Banchero Costa said that “2025 was another
US-Iran deal to reopen Strait of Hormuz— but full container shipping recovery at least three months away
The US-Iran deal should allow a return of container shipping to the Strait of Hormuz, but the scale of disruption caused by the blockade means, even a best-case scenario, puts
Strengthening rights on crew mistreatment
On May 27, 2026, a Special Chamber of the International Tribunal for the Law of the Sea (ITLOS) delivered its judgment in The M/T Heroic Idun (No. 2) Case (Marshall
Tracking the Pulse of Greek Tanker Transactions
Greek owners have remained quite active in the S&P market for tankers, although they were mainly net sellers. In its latest weekly report, shipbroker Xclusiv said that “following our previous
The Tonnage Math Behind a Hormuz Reopening
A Hormuz reopening is unlikely to trigger an immediate VLCC tonnage squeeze, as ample ballast capacity is already positioning towards the MEG, whereas diverting ballasters from the Atlantic could further
BIMCO: Lack of details remain a concern in the Strait of Hormuz
This week began with announcements of a possible agreement between the US and Iran which would end hostilities and ensure safe passage through the Strait of Hormuz for commercial shipping.
Ship Recycling Market Delegates Exercising Caution
With the Monsoon seasons closing in, ship recycling activity was slower in India and other major markets. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of
The Fuel Surcharge Problem: Is There a Better Solution?
Fuel surcharges have become one of the most challenging and unpredictable components of ocean freight costs for shippers. Cargo owners are often faced with significant variations in surcharge levels between