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Michelle Wiese Bockmann
Latest From Michelle Wiese Bockmann
Despite US threats to prevent the shipments, the voyages were unimpeded, with a Venezuelan naval escort for each tanker as it entered the country’s territorial waters
The unprofitable conditions are expected to continue until October or November, when the seasonal rise because of the northern hemisphere winter is expected to lift rates
Torm chief executive Jacob Meldgaard estimates that about 12% of the product tanker fleet is tied up in floating storage
Record floating storage volumes have shielded the largest 2,800 tankers in the 3.2bn tonne per year shipment of crude and refined products from a devastating collapse in earnings and demand
The liquefied natural gas sector ‘faces a market trough until 2023/24’ according to Norway-based investment bank Cleaves Securities
The mercurial, ambiguous and inconsistent application of Ofac sanctions on Iran and Venezuela is a deliberate tactic to keep international shipping on its toes