Oman strategy set to increase VLAC demand

Another huge boost for the future of green ammonia trading Oman is positioning itself as a key exporter of renewable ammonia, with significant projects now underway. Through its national hydrogen strategy and agency Hydrom, Oman targets 5.6 million tons of renewable ammonia by 2030, and over 30 million tons by 2050. This shift will significantly […]

Upward momentum as tariffs are rolled back

Easing of US-China trade tensions met with worldwide relief Markets responded positively this week as the US and China agreed to roll back tariffs for an initial 90-day period. Headline US tariffs on Chinese imports were cut from 145% to 30%, while Chinese tariffs on US exports dropped from 125% to 10%. Although earlier tariffs […]

Shadow fleet and sanctions in focus

Recent events have brought renewed attention This week, the UK sanctioned 100 vessels, and the EU followed with 189 more, now targeting over 340 ships involved in the grey trade. Meanwhile, geopolitical tensions have flared in the Baltic, where Estonia attempted to block a shadow vessel en route to Russia. With enforcement increasing and political […]