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Tanker rates have hit record highs this week. VLCC earnings are now averaging over USD 600,000 p/d globally, with rates near Hormuz reaching as high as USD 800,000-1.5 million p/d. This is being driven by a surge in oil shuttled through the Strait via ship-to-ship transfers, now above 7.5 million barrels a day, as Saudi ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
At least someone is reacting to surging energy prices and interest rates: German consumers. According to the latest GfK consumer confidence indicator, consumer sentiment weakened after a slight…
The annual growth of total credit extended to the Greek economy stood at 3.5% in August 2026, unchanged from the previous month.
New orders for US-manufactured durable goods were largely flat month-over-month at $338.6 billion in August 2026, following two consecutive monthly increases and compared to market forecasts for a…
Crude oil loadings at Saudi Arabia’s ports of Ras Tanura and Juaymah have surged following disruptions to the 1,200 km East-West Pipeline, market intelligence firm Kpler said.
Golar LNG Limited today announced the pricing of a private offering (the “Offering”) of $500 million in aggregate principal amount of unsecured senior notes due 2031 (the “Notes”).
Dr. Johnson Asiama The Bank of Ghana (BoG) has maintained its Monetary Policy Rate at 14% as the Monetary Policy Committee (MPC) assessed the risks to inflation and economic Read More...