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Emmanuel Macron riles Benjamin Netanyahu with jab on Israel's creationFrench President Macron's comment about Israel's creation has strained relations with Israel. Prime Minister Netanyahu criticized Macron fo...- India and France strengthen defence ties: MBDA and Naval group set to boost 'Make in India' initiativeIndia and France are expanding their defence collaboration. European missile manufacturer MBDA plans to set up a unit in India in the next ...
- Close to 500 exhibitors are expected at EURONAVAL 2024EURONAVAL 2024 will gather about 500 exhibitors from over 30 countries at the Paris-Nord Villepinte exhibition Centre from 4th to 7th Novem...
- Shortage of oil tankers at hand as Red Sea attacks divert tradeRates had been held in check last year as OPEC and its allies kept oil off the market. At the same time, a wider energy transition is meant...
- Oil markets brace for shipping disruption in southern Red SeaAirstrikes in Yemen on January 12 by the US and UK have heightened a sense of chaos for ships in the area, especially after western navies ...
- Red Sea: Oil market makes plan to navigate weeks-long troubled waters amidst Houthi threatsThe oil market is bracing for long-term disruptions in the southern Red Sea due to attacks by Houthi militants. Charters of tankers reveal ...
- Shippers know the Suez is always a crisis waiting to happenThe Suez Canal has been here before. What’s more, the stretch of water joining Europe to the Indian Ocean will face such crises again and a...
- Shipping giants pause Red Sea route as Houthi attacks intensifyTwo of the world’s largest container shipping lines said on Friday that they were pausing transits through the Red Sea after their vessels ...
- Oil tanker rates bubbling up as Russia disrupts tradeThe higher volumes have left shipowners optimistic that earnings will continue to rise after the prolonged period with rates in the doldrum...
- Euronav and Frontline sign $4.2bn deal to create the largest fleet of oil tankersA merger of Frontline and Euronav, two of the biggest independent operators of crude oil tankers in the world, will result in the world's l...
- China's seven-week port quarantine snarls supply chains furtherThe world’s biggest exporter, China is a key hub for the shipping industry. It is also the last country to hew to a Covid Zero policy, with...
- Maersk makes $1.4 billion green bet on methanol-fueled shipsBy 2050, the United Nations body wants shipping’s total greenhouse gas emissions to at least halve relative to 2008.
- Seafarer crisis shows signs of worsening amid India virus surgeThe situation has raised concerns over safety, as overworked crews increase the risk of serious maritime accidents.
- Ships turn toward Africa on concerns Suez blockage to last weeksTwo liquefied natural gas tankers loaded in the U.S. and bound for Asian markets appear to have changed course in the mid-Atlantic and are ...
- Unemployed supertankers are about to get junked on Asia’s beachesEvery five years a vessel has to undergo a special survey that costs millions of dollars, money that’s hard to find when vessels are making...
- It’s time to wave goodbye to bonanza oil tradeThe financial incentive to store, known in trader jargon as contango, has all but vanished.
- In Saudi-Russia price war, the big winners are oil tradersA new price structure, called a contango, allows the traders to make easy money by buying crude cheap, storing it, and selling it forward.
- Oil tanker owners are scrapping the most ships in decadesWhile the demolition surge reflects the worst charter rates for owners in decades, scrapping often helps set the stage for market recoverie...
- Ship tanker rates which were at peak in October 2015 weaken considerablyTanker day rates from delivering Saudi Arabia’s oil to Japan, an industry benchmark, fell to $51,000 a day, according to the Baltic exchang...
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