Capesize The Capesize market reflected a gradual softening this week, especially in the Atlantic, where activity remained sparse and transatlantic fixtures weakened. The week opened with limited interest from miners in the Pacific, further compounded b…
Dry Bulk Market: Capesize Market on Correction Mode Read More »
So far, most of the discussion on FuelEU has centred on a vessel’s fuel requirements and how shipowners can reduce their greenhouse gas (GHG) intensity. However, because of the way in which penalties are imposed under FuelEU, the regulations will also …
FuelEU: The impact on vessel sale and purchase contracts Read More »
India is again the fourth largest seaborne importer of crude oil, after China, the EU and ASEAN. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade, despite the high oil prices an…
India’s Crude Oil Imports on the Rise During 2024 Read More »
This week’s focus highlights a decrease in the growth of dirty tonne days throughout this year at a pace lower than seen in the previous two years. For VLCC from Arabian Gulf to the Far East, there has been a late rebound with levels nearing to surpass…
Dirty Tonne Days VLCC Read More »
Forecasting a modest 2% rise in global maritime trade in 2024 and annual growth rates averaging 3.5% from 2025-2029, UNCTAD’s latest forecast leans on the optimistic side, but only if “significant risks” don’t get in the way. Th…
UNCTAD predicts modest trade growth Read More »