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Italy’s Industrial Output Recovers In May

Italy’s industrial production expanded in May after easing for two consecutive months, figures from the statistical office Istat showed Tuesday. Industrial output grew 4.3 percent in May from April, when...

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Tanzanian-Flagged Tanker Sanctioned by UN

The United Nation Security Council’s Committee on Libya has added an oil product tanker Capricorn to its list of individuals and entities subject to the assets freeze.  The Tanzanian-flagged vessel...

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VLCC Market Under Pressure

Shipbrokers left and right are highlighting the VLCC tanker markets’ intense negative pressures. In its latest weekly report, shipbroker Charles R. Weber said that “rates in the VLCC market were...

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