2021 Dry & Tanker Market Analysis

The Signal Group offers an exhaustive overview of the trends in the dry bulk and tanker markets that both defined 2021, and offer a glimpse as to what might be in store for 2022...

Billionaire’s $51m Superyacht Sinks Gas Tanker

Billionaire JR Ridinger’s $51 million superyacht, Utopia IV, rear-ended and sunk a gas tanker in the Bahamas, reports Independent. Tanker sinks!  The Utopia seems to have hit the stern of the tanker, the Tropic Breeze, off...

Coronavirus Aboard Cruise Ships!

Brazilian health agency Anvisa warned passengers against boarding cruise ships operating along the Brazilian coast after outbreaks of COVID-19 affecting crew and customers, reports CTV News. Interruption of cruise ship season The move follows a call...

Countries Update Shipping Regulations Amid Continuing COVID Pandemic

With the COVID-19 pandemic still affecting global operations, countries around the world have either updated or launched new measures that affect shipping, reports Safety4sea. Azerbaijan The State Maritime Agency advised that an extension till 31 March...

Stormy Weather Kills Cargo Ship Bosun

Bosun of general cargo ship TIKSY died in a tragic accident on board early in the morning Dec 31, reports Maritime Bulletin. Stormy weather The ship was sailing in Barents sea off Novaya Zemlya Archipelago, Russian...

Crude Oil Futures Dipped In Mid-Morning Trade

Crude oil futures dipped in mid-morning trade in Asia Dec. 31 as investors booked year-end profits after a multi-day rally. Loading volumes of the grade are typically around 200,000 b/d. Crude production in...

NES Secured Contract To Upgrade Cable Lay Vessel

NES has secured a contract from ship engineering firm Peak Marine Tech to deliver battery and control systems for a CLV. The value of the contract has not been disclosed by the companies. ...

Green Ships Ahoy Along Important Corridors

Shipping accounts for two to three per cent of global greenhouse gas emissions. BHP is the world's largest charterer of ships, which means marine emissions are a problem for future profits and reputation. ...

Commercial Vessel Hijacked Off Coast

The Iran-aligned Houthi movement that controls most of northern Yemen hijacked a United Arab Emirates-flagged cargo vessel engaged in "hostile acts" but which the Saudis said was carrying hospital equipment, reports Reuters. The journey to...

Oil Market Continues To be Highly Reactive to Developments

Despite two key benchmarks on Friday incurring losses, oil ended 2021 with a bang, posting  its biggest annual gain since 2009 and optimism for the New Year reflected in the market structure, reports Ship...