In response to Western sanctions, President Putin announced a move to pursue deeper economic and political ties within the BRICS
In recent months triple digit oil prices have become a new reality: unlikely to fall well below $100/bbl any time
Last Friday saw the close of the much-anticipated Marine Environmental Protection Committee (MEPC 78) meeting at the IMO
The European Union’s (EU) decision to prohibit Russian crude and refined products imports into the bloc came as little surprise
Last year saw a notable increase in tanker demolition, recording the second highest number of tankers (above 25,000 dwt) scrapped
Whilst many members of the OPEC+ group are struggling to achieve its allotted output quota, one country that has been
Spot VLCC earnings were in the negative territory for most of last year, with TD3C averaging minus $250/day on a
In recent weeks, headline refining margins have surged to record levels, whilst clean tanker rates have also tested or exceeded
Tanker investments these days are not a straightforward decision. A prospective buyer is faced with a combination of price pressure,
As the sanctions effort ramps up against Russia, governments around the world are seeking ways to wean themselves off Russian