Greek dry bulk shipowner Icon Energy announced that third-quarter gross hire rates across its fleet are projected to average approximately $19,000 daily per vessel, marking a 23 per cent rise from $15,500 during the prior-year period.Fleet utilisation reached 100 per…
Oil company Saudi Aramco has told at least two European refining customers they will receive no crude oil next month following an attack on Saudi Arabia's key pipeline to the Red Sea, Bloomberg News reported on Friday, citing people familiar…
Russia's ESPO Blend oil jumped above $120 per barrel for the first time since April, boosted by demand from Chinese refiners as the US-Israeli war on Iran disrupts Middle Eastern supplies, three traders said and Reuters calculations showed.China has increased…
Maersk is moving forward with a large new ship order, equivalent to approximately 10 percent of the carrier’s current total capacity in operation. The news comes after days of speculation in the industry that Maersk was placing large orders and…
The Islamic Revolutionary Guard Corps Navy continues its campaign of attacking vessels and exploiting the incidents to assert that it has total control over the Strait of Hormuz.
China has recently enhanced the signals communication array at its base for the People’s Liberation Army (Navy) in Djibouti. An in-depth report produced by CSIS (the Center for Strategic and International Studies, based in Washington, D.C.) described the enhancements made…
