Middle East & Africa
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American Export Lines agrees to pay $518,063 for transhipping used cars and car parts via Iran
Revenue tumbles by a fifth as low fleet utilisation hits MENA and Africa regions
Middle East Gulf to Japan VLGC spot rates appear to have bottomed out for now
With suezmax rates near bottom, VLCC competition just makes things worse
Egypt’s plan to import fewer cargoes may hurt LNG vessel demand
Baltic very large crude carrier benchmark rates lowest since October 2014
Management continues to negotiate with counterparties, secure covenant waivers, address the working capital shortfall, and clear legacy losses
Experts argue that MLC does not go far enough to protect crew
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