09 AUG 2019 The Baltic Exchange’s main sea freight index rose on Friday, buoyed by an uptick in demand across all vessel segments, but still posted its third straight week of losses. * The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 28 points, or 1.6%, …
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07 AUG 2019 With the IMO 2020 regulations approaching, it is important that commercial operators are aware of the potential impact that volatile fuel prices may have on their operations. The effect the new MARPOL provisions will have on bunker prices is not yet clear though it is expected to …
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06 AUG 2019 Economic warfare is being fought with an intensity not seen since the period leading up to World War II as countries deploy tariffs, embargoes and economic sanctions to force policy changes or punish their adversaries. Free trade is coming off second best, and global trade has stalled. …
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05 AUG 2019 The Swedish tanker operator Stena Bulk protested the continued detention of the UK-flagged Stena Impero by Iranian authorities, describing the action as “unacceptable and unjustifiable.” The vessel has been in Iranian custody for 19 days. “We are maintaining limited communication with the crew onboard and although they remain in …
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04 AUG 2019 The sharp escalation in the US/China trade war could see some short-term front-loading gains for transpacific carriers on the headhaul route, but it spells trouble longer-term, particularly on the backhaul. Hitting back at President Trump’s Twitter announcement last week of a 10% tariff on a further $300bn …
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02 AUG 2019 A Spanish charity rescue boat sought safe port on Friday after Italy rejected its request to disembark 124 people saved from two migrant rafts in the Mediterranean, the organization said. Non-governmental organization (NGO) rescue boats have largely disappeared from the Mediterranean over the last year as governments …
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01 AUG 2019 Royal Dutch Shell is not taking any British-flagged tankers through the Strait of Hormuz amid heightened tensions with Iran in the vital chokepoint for oil shipments. “There are Shell-managed vessels in the Strait of Hormuz and that will probably continue to be the case. Currently, though, there …
Read More »31 JULY 2019 Germany will not participate in a U.S.-led naval mission in the Strait of Hormuz as it wants to ease tensions with Iran, Foreign Minister Heiko Maas said on Wednesday. The United States had asked Germany to join France and Britain in a mission to secure shipping through …
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28 JULY 2019 A joint operation between Sea Shepherd and the Gabonese government has resulted in the arrest of the Haixin 27. Armed Gabonese marines boarded the Chinese-flagged Haixin 27 as she crossed into Gabonese waters from neighboring Republic of Congo. Gabonese fisheries enforcement officers uncovered that the fish hold was full …
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A British Royal Navy patrol vessel guards the oil supertanker Grace 1, suspected of carrying Iranian crude oil to Syria, as it sits anchored in waters of the British overseas territory of Gibraltar, July 4, 2019. 26 JULY 2019 Confronting the first crisis of his premiership, Boris Johnson must decide …
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