Crude Oil Futures Dipped As Yemen Signed A Truce With Saudi Arabia
Crude oil futures dipped in mid-morning Asian trade April 4 on reports that Yemeni Houthi rebels have signed a truce with Saudi Arabia, removing one potential supply disruption source in oil markets, says an...
Singapore To Sign Up To Green Corridor Movement At COP 26
Singapore, one of the world’s most important transhipment hubs, will sign up to the Clydebank Declaration, a shipping green corridor movement first announced during COP 26 in Glasgow last November, says an article published...
Cargo Ship Attacked In Gulf Of Guinea
A Cargo ship was attacked at around 1900 UTC Apr 3 in Gulf of Guinea some 305 nm south of Lagos, Nigeria, says an article published in Maritime Bulletin.
Tracking
Ships tracks in the area point...
Gibson Tanker Report – Week 13, 2021
The combination of high oil prices and the need to find alternatives to Russian crude has led to renewed interest in North Sea oil from politicians and industry alike.
For the weekly tanker market report...
Weekly Bulk Report – Week 13, 2022
The Baltic Exchange has released a report about the dry bulk market for the 13th week of shipping activities of this year. The report dated 01th April highlights the dry bulk market conditions at the...
VLSFO premium of $200/tonne increases scrubber advantage
A new fee structure proposed by the Panama Canal Authority April 1 includes a call for ships transiting in ballast to pay a percentage of the regular laden toll.
The toll changes could...
Wärtsilä To Focus On Decarbonization And Collaboration
The technology group Wärtsilä will be present at this year’s edition of Nor-Shipping, which will take place from 4-7 April 2022 in Oslo, Norway. Wärtsilä’s President and CEO Håkan Agnevall will open the event...
VLSFO premium of $200/tonne increases scrubber advantage
the chief shipping analyst at BIMCO, says that the current $200 per tonne price spread between very low sulfur fuel oil (VLSFO) and high-sulfur fuel oil (HSFO) is increasing the advantage of ships...
A History of American Maritime Law
Maritime law is a combination of some of the oldest legal standards and new regulations designed to address changes as the industry has evolved. Individual nations have their own iterations of maritime law, and...
Black Sea Mines Pose Serious Maritime Threat
Russia and Ukraine have accused each other of laying naval mines recently found in the Black Sea. Global shipping has been disrupted — and prices are rising, reports DW.
Russian-Ukrainian blame game
Early last week, Russia's...