● RADIOAdvertise with us
DOWNUNDERVOICESAustralia · New Zealand · World
Back to Trade & Logistics
Trade & Logistics

3 September 2026

What the price cap did to old tanker values

Downunder Voices Newsroom

Source reporting: Splash247

FacebookEmail
What the price cap did to old tanker values

Simon Lunde and Fredrick Henriksen of BI Norwegian Business School went looking for the G7 price cap in the secondhand market rather than in trade flows. What they found was not a crude-only break, but a broad re-rating of shipping with a sanctions gradient running through it, steepest in the tonnage the shadow trade runs …

About this report

Downunder Voices provides an independently written summary and community perspective based on information published by the original source. The original publisher remains responsible for its reporting.

Join our community

Follow Downunder Voices

Join thousands of readers following news and community stories from Australia, New Zealand and the Pacific.

Follow on FacebookSubmit your story

More from Trade & Logistics

View category
Wood lands five-year UK North Sea deal with SericaTrade & Logistics

3 September 2026

Wood lands five-year UK North Sea deal with Serica

Wood has secured a five-year engineering, procurement, construction and commissioning framework from Serica Energy aimed at extending the life of the Bruce platform in the UK North Sea beyond 2030. The Aberdeen-based contractor will carry out project delivery, offshore construction and commissioning work under the agreement, which builds on a relationship with Serica dating back …

Source: Splash247Original source
Six missing after tug capsizes off BusanTrade & Logistics

3 September 2026

Six missing after tug capsizes off Busan

One seafarer has died and six remain missing after the tug TNS Catcher capsized while assisting a containership off Busan yesterday. The 286-tonne tug overturned at around 1. 29pm, about 9 km east of Oryukdo, while working with two other tugs to manoeuvre the MSC Ikaria VI, a 5,576 teu, Liberia-flagged containership. Of the eight people …

Source: Splash247Original source
US customs push threatens fresh supply chain headaches for importersTrade & Logistics

3 September 2026

US customs push threatens fresh supply chain headaches for importers

US importers could face a new layer of paperwork, technology requirements and potential cargo delays under plans being considered by US Customs and Border Protection to gain far greater visibility into international supply chains. CBP has opened consultation on sweeping changes that could require importers to provide documentation originally filed with foreign customs authorities, identify …

Source: Splash247Original source

Read Next

View latest
Odfjell Drilling set for $37m repayment as tax battle endsBusiness

3 September 2026

Odfjell Drilling set for $37m repayment as tax battle ends

Odfjell Drilling is set to recover around $37m after Norway’s Supreme Court refused to hear a tax authority appeal, drawing a line under a years-long dispute linked to former group company Odfjell Offshore. The Supreme Court’s appeals committee declined to admit the Norwegian Tax Authority’s challenge to an April ruling from the Gulating Court of …

Source: Splash247Original source
Pemex goes to market for high-spec Gulf jackupBusiness

3 September 2026

Pemex goes to market for high-spec Gulf jackup

Mexico’s Pemex has launched an international tender for a high-specification jackup to work in Mexican waters of the Gulf of Mexico. The state energy company is seeking an independent-leg cantilever unit capable of operating in water depths of at least 400 ft and drilling to a minimum depth of 30,000 ft. The package also includes …

Source: Splash247Original source
Norway seizes Russian shipWorld

3 September 2026

Norway seizes Russian ship

Norwegian authorities have seized the Russian state-owned Professor Molchanov in Svalbard as Ukraine steps up efforts to recover billions of dollars awarded over assets confiscated by Moscow following its annexation of Crimea. The expedition cruise vessel was arrested at Barentsburg on September 2 following an order from the Nord-Troms District Court, which granted Ukrainian state …

Source: Splash247Original source
STX architect plots shipbuilding comebackTrade & Logistics

3 September 2026

STX architect plots shipbuilding comeback

One of the most spectacular boom-and-bust figures from shipping’s last great shipbuilding cycle is back. Kang Duk-soo, the architect of South Korea’s former STX empire, is returning to the industry through D-Ocean Asset Management, the consortium acquiring control of SK Oceanplant for around KRW410bn ($298m). SK Oceanplant is the former Samkang M&T, a Goseong-based offshore …

Source: Splash247Original source