Tanker owners are, once again, on edge, because of a renewal of tension between Israel and Iran. In its latest weekly report, shipbroker Gibson said that “tensions between Israel and Iran are nothing new, but they came to a head overnight. The situation remains fluid and at this point in time could turn in a …
Tanker Market on Edge as Iran-Israel Conflict Intensifies Read More »
The Israeli strikes on Iranian nuclear and military facilities on Friday 13th June, followed by Iran’s retaliatory actions, have heightened fears of a broader regional conflict and potential disruption to maritime traffic through the Strait of Hormuz (SoH). This narrow sea passage, situated between Oman and Iran, serves as a vital conduit connecting crude oil …
Drewry: Oil transit through Strait of Hormuz unlikely to be disrupted by regional unrest Read More »
Capesize The Capesize market displayed a steady yet nuanced performance this week, starting on a subdued note due to European holidays but gaining traction as the days progressed. In the Pacific, the C5 West Australia to China route saw persistent activity from all major miners, with fixtures gradually improving from sub $10.00 levels early in …
Dry Bulk Market on the Rise Read More »
The downward trend of Saudi Arabia’s crude oil exports has persisted so far in 2025, following the same pattern as during 2024. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Dec 2024, global crude oil loadings went up by a modest +0.4% yo-y to 2194.6 mln tonnes, excluding all cabotage trade, according …
Tankers: Saudi Arabia Crude Oil Exports Keep Declining Read More »
Elimination of risk in modern day supply chains is an unrealistic goal; the best supply chain professionals can hope for is to effectively navigate it to ensure resilience, according to a report from the OECD. Recent years have seen a surge in external pressures on the global supply chain: from the disruptions of the Covid-19 …
Robust trade diversity bucks headlines Read More »
Shaping the Future of Shipping Summit Mr. Emanuele Grimaldi, Chairman of the International Chamber of Shipping Your Excellencies Ministers, Distinguished guests, Dear colleagues, It is a great pleasure to welcome you all to the Shaping the Future of Shipping Summit here in the historic city of Athens. We are grateful for the warm hospitality of …
Following the conclusion of the International Chamber of Shipping (ICS) Annual General Meeting and Board Meeting in Athens, which was opened by The Hon. Vassilis Kikilias, Minister of Maritime Affairs and Insular Policy, Hellenic Republic of Greece, the organisation announced several major developments, marking a pivotal moment for global maritime leadership. The board of ICS …
Dry bulk ship acquisitions have been on the rise over the course of the past week, with more being reported. In its latest weekly report, shipbroker Banchero Costa said that “in the Bulk sector undisclosed buyers were behind the purchase of the Kamsarmax AOM SOPHIE II 82,000 dwt 2020 Japanese built sold at mid-$31 mln. …
Dry Bulk Ship Purchases on the Rise Again Read More »
“In a possible sign that the unwinding of OPEC+ production cuts could increase seaborne volumes, the combined crude tanker loadings of OPEC countries has jumped 24% week-on-week to 2.281 million barrels per day (mbpd) in week 23, the bloc’s highest weekly loadings since April 2023,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. Despite the …
OPEC’s crude tanker loadings jump 24% week-on-week Read More »
According to its most recent disclosure report, the majority of signatories to the Sea Cargo Charter (SCC) – a global climate alignment initiative developed by the Global Maritime Forum – reduced their emission intensity over the last year, reflecting the growing maturity, ambition and transparency of the charter. However, action will need to accelerate to …
