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The US again warns tankers against violating Iran sanctions

The US government has issued a new warning to the shipping industry to not violate the recently reintroduced sanctions by, for example, sailing Iranian oil to Syria. At the same time, the US also introduces new sanctions against nine Iranian targets.

US oil exports to China hit zero again

For the past two months, US exports of oil to China have clocked in at zero, according to Bimco. But other countries have increased their import of US oil.

US warns shipping against dealing with Iranian companies

More than 200 individuals and ships in the Iranian shipping and energy sector, including the two major state-owned carriers, are included on the US sanction list. The US warns the global shipping industry against Iranian attempts to evade the sanctions.

The US escalates trade war with China

US President Donald Trump acts on his threats, and starting next week the US will introduce additional tariffs on Chinese goods totaling USD 200 billion.

Hurricane Florence will impact shipping

Hurricane Florence is currently ravaging through the US east coast and will impact shipping routes in the region. One specific market will be struck particularly hard. Carriers are decreasing the speed of vessels.

Trafigura to build large oil terminal in Texas

Swiss-based commodity trader Trafigura has filed for permission to build a terminal in Texas which can be used by the largest oil tanker vessels. The project will facilitate the growing export of US crude oil.

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