The Red Sea shipping crisis dominated headlines once again in June. The Houthis displayed greater sophistication in their attacks on merchant shipping this month, hitting targets both by sea and air for the first time, killing one seafarer, severely injuring another, sinking one ship with another...
The world’s crewing sector has been digesting significant news this month from Norway which could lead to fewer seafarers employed on ships. Tech firm Kongsberg Maritime received approval in principle from classification society DNV to enable a key role to be transferred from a ship to a...
Fair to say this year’s Splash-sponsored Posidonia was rammed – organisers begging authorities to expand the exhibition center to accommodate the sensational demand, while the parties were on a euphoric scale we haven’t witnessed for close to a generation. With the benefit of hindsight, the sense...
https://splash247.com/why-euphoria-at-this-years-posidonia-has-me-worried/
Crude oil prices climbed during June, narrowing Asian refining margins with some effect on tanker freight rates. WTI rose from a June 4 low of $73.25 to a June 20 high of $81.29. Similarly, between the same dates, Brent was up from $77.52 to $85.99, and Dubai Blend was up $78.87 to $82.49,...
https://splash247.com/falling-asian-refining-margins-undermine-freight-markets/