Clean tanker earnings leap

After more than doubling since the start of the year, the Baltic Exchange Clean Tanker Index has climbed to its highest level in over ten years on a quarterly basis.

ILO Adopts New Minimum Wage for Seafarers

A subcommittiee of the International Labour Organization (ILO) has agreed to raise the minimum wage for seafarers to up to $673 per month following the conclusion of negotiations between shipowners and seafarers’ unions.

Russia takes care of tanker charters to China

Russian oil companies and traders have chartered more than half the vessels chartered to load crude from Russia’s Far East in the first half of May, compared to accounting for a tenth of such spot charters in the year to April 2022.
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