Latest News About Oil market falls, cannabis cache found, lane alerts

Oil prices slumped to a point unprecedented in recent memory after the Strait of Hormuz reopened.

The resumption of tanker traffic alleviated supply worries in maritime trade.

Europol said 1.4 tonnes of cannabis were confiscated from seized parcels from drug traffickers.

Near Portsmouth lifeboats stopped a drifting fishing boat that had entered a busy shipping lane.

Diana chartered a panamax vessel to Paralos Shipping at an improved rate.

A Dutch hybrid biofuel‑ready ship was named and began a charter with N‑Sea.

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