TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced today that it has elected not to exercise its option to acquire the portfolio of…
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GT Lines, part of Gulftainer, has upgraded its Khorfakkan India Express (KIX 1) service to a weekly schedule, strengthening connections between West India and the Gulf. The enhanced service started…
Tanker owners are eyeing the US Gulf Coast as renewed tensions at the Strait of Hormuz threaten to disrupt Persian Gulf crude flows, though tepid VLCC activity out of the region and stronger returns…
The tanker markets have returned to their “wartime pattern” of behavior, after the latest round of strikes in the Middle East. In its latest weekly report, shipbroker Intermodal said that “the MoU…
As armed clashes between the United States and Iran continue, scuttling end-of-war talks and prompting the United States to reimpose a counter-blockade of the Strait of Hormuz, global shipping…
The US Central Command (CENTCOM) has launched further strikes on sites along Iran’s southern coast. Brent crude’s price has remained well above $80/bbl amid further escalation in the Middle East,…
Market participants in the physical Middle East Platts Market on Close assessment process traded 5 million barrels of June-loading crude, according to trade performance data compiled by Platts, part…
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