Hormuz Reopens After MoU Signing: Chinese-Led First Movers Alongside Sanctioned Iran Tonnage

At a Glance • The U.S.-Iran memorandum of understanding (MoU) was signed on June 17, and June 18 marked the first day of commercial reopening at the Strait of Hormuz. • 18 transits were recorded across the June 17 to 18 window, the highest single-window count of the conflict. • The first wave of commercial …

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Tankers: VLCC Market Climbing Again

Clean LR2 The TC1 75kt MEG/Japan index lost 6 points this week to WS492. A voyage west also freighted down this week with the TC20 90kt MEG/UK-Continent index going from $10.1 million to $9.31 million. The TC15 80kt Mediterranean/East index appears to have bottomed out around the $4.3 million mark this week, with the corresponding …

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Harmonising maritime digital interfaces: From alignment to action

BIMCO, in close collaboration with ITS Norway and the DYNAPORT project, convened a two day industry workshop in Copenhagen to explore how the maritime sector can accelerate the harmonisation of digital interfaces across ship to shore stakeholders. Bringing together 45 representatives from shipping companies, ports, authorities and solution providers, the workshop provided a neutral forum, …

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