The crude tanker market could be set for a positive future, as ton-mile demand is about to increase. In its latest weekly report, shipbroker Gibson said that “earlier this month the IEA released its monthly oil report, offering for the first time their…
Crude Tanker Market Fundamentals Looking Healthy Read More »
Capesize The Capesize market witnessed an eventful and generally positive week. Early in the week, a subdued start led to cautious attitudes among market participants, with slight declines in the BCI 5TC and C3 index. However, a notable turnaround occu…
Dry Bulk Market: Positive Week for Capesizes Read More »
A global resurgence Global piracy and armed robbery incidents increased by 4% in 2023 compared to 2022, according to the International Maritime Bureau’s Piracy Reporting Centre (IMB PRC). While this does not appear to be a substantial overall change, a…
Is the decline in global piracy over? Read More »
Canada has emerged as one of the exporters with the biggest increase in seaborne coal exports during 2023, with the upwards trend maintaining momentum in 2024 as well. In its latest weekly report, shipbroker Banchero Costa said that “global coal trade …
Canadian Coal Exports on the Rise in 2024 Read More »
As we mark one year since the enforcement of the Carbon Intensity Indicator (CII) regulation, the maritime industry is reflecting on the impacts and challenges of this important step towards decarbonization. The CII is a measure of a ship’s energy effi…
Reflecting on One Year of CII Regulations: Navigating Decarbonization in Shipping Read More »