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Dry Bulk Shipping: Capesize Market Extends Recovery Phase

Capesize The market enjoyed another constructive week, extending the recovery that gathered pace at the end of the previous week despite a brief period of midweek consolidation. Overall sentiment remained positive, underpinned by healthy cargo volumes, consistent miner activity and improving confidence across both the Pacific and Atlantic basins. The Pacific continued to provide the …

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Pacific MR Economics Drive Regionalisation between Basins

The resumption of tanker transits via the Strait of Hormuz has helped restore crude flows to non-China Asian buyers, supporting a recovery in refinery runs across Northeast Asia. With refiners securing crude supplies for August delivery and working to rebuild depleted inventories, regional runs have rebounded toward seasonal averages. This has also lifted product exports, …

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VLCC Tanker Market on the Rise

Clean LR2 The TC1 75kt MEG/Japan index dipped to WS345 this week to then return back to its previous WS360 level. A voyage west dropped in value again this week with the TC20 90kt MEG/UK-Continent index going from $8.15 million to $7.94 million. In Europe the TC15 80kt Mediterranean/East index came off by a modest …

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Iran must pledge to stop shooting at ships in Strait of Hormuz, US officials say

The US says Iran must publicly state that the Strait of Hormuz is open and pledge to stop firing on commercial ships. In a briefing for reporters on Friday, US officials said the message to Tehran had been conveyed through regional mediators. It comes after incidents earlier this week in which three commercial tankers were …

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163 jóvenes inician su formación para convertirse en Oficiales de la Armada de Colombia

La Escuela Naval de Cadetes “Almirante Padilla” (ENAP) recibió a 163 jóvenes colombianos, entre ellos 33 mujeres, quienes iniciaron su proceso de formación militar y académica con el propósito de convertirse en oficiales de la Armada de Colombia, al servicio de la Nación. Los nuevos aspirantes integran el Contingente Naval Regular número 182, Infantería de …

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Baleària culmina la adquisición de Armas Trasmediterránea con la integración de sus activos en el Estrecho y Alborán

  Baleària ha completado la adquisición de los activos de Naviera Armas Trasmediterránea en el Estrecho y Alborán tras obtener las autorizaciones necesarias de las autoridades de competencia de España y Marruecos. Con esta operación, la compañía asume el control jurídico y operativo de estos activos, después de haber cerrado en mayo la operación correspondiente …

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