Keywords: Freight rates
Evangelos Marinakis told shipping executives that paying Iran a transit fee of 100,000 to 200,000 dollars per vessel would be preferable to a prolonged closure of the Strait of Hormuz. He delivered the remarks at an industry forum in Athens held during a major maritime gathering. He argued that a predictable......
New sanctions imposed by the U.S. on Russian oil producers and vessels are expected to significantly impact Russia's oil exports, forcing China and India to source more oil from the Middle East, Africa, and the Americas. This shift is expected to drive up oil prices and freight costs, traders and......
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