Tanker demand from Saudi Arabia has been declining steadily since the start of 2023, with this year proving to be the same, as a result of declining crude oil exports from the Kingdom. In its latest weekly report, shipbroker Banchero Costa said that “2…
Tanker Market: Saudi Arabia Crude Oil Exports Down During 2024 Read More »
Continued growth of climate transparency from financial institutions show that the global finance portfolio for shipping has moved closer to alignment with ambitious decarbonisation trajectories set by the International Maritime Organization (IMO), aim…
Global shipping finance portfolio moves closer to alignment with net zero climate goals Read More »
“Over the past three months, dry bulk newbuilding contracting has been 70% below the yearly average. Declining freight rates in recent months, a cloudy outlook and high newbuilding prices contributed to the slowdown, and contracting in 2024 will likely…
Dry bulk contracting falls 70% below average amid low rates Read More »
Can a lame-duck president’s plan survive change in Washington?
Biden administration rolls plan to decarbonise shipping on eve of Trump’s ascension Read More »
VLCC carried no debt as management eyes lower fleet age and CII benefits
DHT Holdings banks $43.4m windfall from sale of oldest tanker Read More »