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“The most recent attack on a laden tanker suggests things are getting worse, and not better,” said Anoop Singh, global head of shipping research at Oil Brokerage Ltd. The diversions have added 3 per cent to demand for clean tankers, which carry refined products, and about 1 per cent to dirty-tanker demand, he said.
A surge of unexpected waves swamped the island of Roi-Namur in the Marshall Islands on Saturday, forcing evacuations from a U.S. Military base and causing damage that could take months to repair.
South Korea has announced plans to build next-generation destroyers in the latest phase of a massive naval buildup of aircraft carriers, arsenal ships and conventional ballistic missile submarines.
