18 Sep Product tanker rates retreat but crude strength could lend future support
Product tanker rates are much weaker than last year, but the first half of 2024 was unusually strong, current rates...
Product tanker rates are much weaker than last year, but the first half of 2024 was unusually strong, current rates...
Taiwan’s Yang Ming Marine Transport is continuing to pursue its strategic fleet optimization plan, reporting the order of seven additional new vessels from Korea’s Hanwha Ocean, which will be the largest in its fleet and employ a new LNG technology. The carrier is also taking...
VLCC rates do not increase in a straight line during upcycles — there are temporary pullbacks along the way. The...
The Philippines’ monthly supply mission to the disputed area in the South China Sea near the Scarborough Shoal resulted in another incident between the two countries, with accusations of illegal activity from both sides. While the versions of the incident differ, both sides highlighted the...
Western rules forcing creation of legal capacity in alternative jurisdictions, said Akoni Related StoriesGreen coalition urges IMO states to vote yes as unity on NZF strainsWiernicki calls for IMO ‘timeout’ to rebuild Net-Zero FrameworkWiernicki calls for IMO ‘timeout’ to rebuild Net Zero Framework [ad_2] News source: https://www.lloydslist.com Go...
An ocean-going rescue tug has reached a stranded product tanker located south of New Zealand’s South Island. Maritime New Zealand is monitoring the situation and reports there is no immediate danger, but the tow will have to wait for a break in the current heavy...
Lloyd’s List’s weekly showing of the data and figures behind our news, analysis and markets coverage Related StoriesThe week in newbuildings: boxships continue to dominate ordering activityVLCC spot rates skyrocket to highest level since March 2023Mixed signals in transpacific as rates to Europe continue to slide [ad_2] News...
As part of the ongoing economic reforms, Libya has reported progress on the development of Sirte Port and its connecting infrastructure. During the peak of hostilities between forces of west and east Libya in 2016, Sirte was one of the fiercest battlegrounds. With tensions between...
The UK Government said the latest listing is part of efforts to build economic pressure on Russia and target its...
[By: Inmarsat Maritime] The 2025 edition of the Future of Maritime Safety Report from Inmarsat Maritime, a Viasat (NASDAQ: VSAT) company, reveals that distress calls at sea remain high, underlining the vital role of human factors in safe shipping. According to the report, the number of Global Maritime Distress...