VLCC Rates Enter ‘Stop-the-Press’ Territory as China Demand and Hormuz Crisis Ignite Tanker Market

The Very Large Crude Carrier (VLCC) market has entered exceptional territory, with freight rates surging simultaneously across both sides of the Suez Canal. Strong Chinese crude buying, rapidly tightening vessel availability and the continuing security challenges around the Strait of Hormuz are combining to create one of the most dramatic […]

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UK Tightens Grip on Russia’s Energy Fleet: Arctic LNG Carrier and Five Tankers Hit by New Sanctions

Maritime sanctions widen as London targets vessels, ship management and financial networks linked to Russian energy exports The United Kingdom has further intensified pressure on Russia’s maritime energy trade by expanding its sanctions regime to target an LNG carrier, five oil tankers and a Mumbai-based ship management company allegedly connected […]

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Missile Attacks Intensify in Strait of Hormuz: Three More Tankers Hit as U.S. Expands Military Strikes, Seafarer Death Toll Climbs

The security crisis in the Strait of Hormuz has deepened after three additional commercial tankers were attacked within 24 hours, marking another major escalation in the ongoing confrontation between Iran and the United States. The latest incidents occurred as U.S. forces launched a fresh wave of coordinated military strikes against […]

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Updates on SOLAS CH II‑1/3‑6

Revised interpretation of requirements to Permanent Means of Access (PMA) IMPORTANT NOTICE For ships fitted with Permanent Means of Access (PMA), the revised interpretation from the IMO introduces additional requirements that must be followed by ship owners and managers. This revised interpretation is particularly relevant for oil tankers and bulk […]

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