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On July 7, U.S. Central Command (CENTCOM) confirmed a series of retaliatory strikes against Iran following an alarming incident involving three crude oil tankers: 'Al Rekayyat', 'Wedyan', and 'Cyprus...
A new charter has been successfully secured for the transport of 270,000 metric tons of dirty cargo from the Mideast Gulf to the East. The fixtures were finalized at a rate of WS 39, with operations s...
In a notable development for the oil trade, Venezuela's state-run oil company, PDVSA, has successfully arranged for a second Very Large Crude Carrier (VLCC) to transport Algerian Saharan crude oil. Th...