Owners says ‘imperative’ they are granted access to tanker Stena Impero seized by Iran

Stena Bulk says it is “imperative” that they are granted access to the tanker Stena Impero following allegations by Iran of violating international rules and collision with a fishing vessel.

Home / Shipping News / Hellenic Shipping News / High Tanker Fleet Growth Hinders Market’s Recovery Says Tanker Owner H

The tanker market has kept on showing little signs of a recovery over the past couple of months.

Shipping: Commodities’ Pricing Trends During First Half of 2017 a Mixed Bag Says Shipbroker

The shipping industry is directly linked with the prices of raw materials and commodities like oil, iron ore and...

Does a Shipowner Have to Sell Its Ship in Order to Mitigate Its Loss? Supreme Court Says No!

In our client alert Does a shipowner have to sell its ship in order to mitigate its loss? in November 2016,...

Maersk says IT breakdown could be global

Shipping company A.P. Moller-Maersk reported a computer systems outage on Tuesday which it said could be a global...

Tanker firm Frontline says no longer pursuing DHT or other acquisitions

Oslo-listed oil tanker firm Frontline is no longer pursuing a takeover of New York-listed competitor DHT Holdings...

Mexico’s Pemex says May crude oil exports hit new record low

Mexican national oil company Pemex said that May crude exports fell to a new record low of 958,000 barrels per...