Iran seizes a ’foreign’ tanker in the Strait of Hormuz; Gibraltar meets with Iranian officials in London to discuss release of Grace 1; Gibraltar’s Supreme Court extends Grace 1’s detention through mid-August
The fire and shutdown on the 335,000 b/d Philadelphia refinery removed the largest such unit on the US east coast. Tim Smith, director of oil and tanker markets at Maritime Strategies International (MSI) considers the positive implications of the closure on tanker markets
A unique 2 day conference to be held on 4-5 September in Bergen, Norway. This event will examine how vessels of all sizes can achieve significant reductions in fuel consumption, maintenance costs and emissions.