According to current delivery schedules, product tanker newbuild deliveries are set to reach 12m deadweight tonnes (DWT) in 2025. Deliveries will therefore jump 256% compared to the 3.4m DWT delivered in 2024. At the same time, deliveries will reach a …
Product tanker deliveries seen jumping 256% to 16-year high Read More »
The Freightos Baltic Index Global benchmark increased 6% in December to $3,805/FEU as GRIs and pre-Lunar New Year (LNY) demand on ex-Asia lanes pushed rates up. With Red Sea diversions continuing to absorb capacity across the network, the global benchm…
FBX Index December 2024: Market summary Read More »
Product tanker giant scored lowest interest spread in history of Nordic US dollar bonds
The maritime industry is undergoing a digital transformation, and one of the key innovations making waves is the integration of artificial intelligence (AI) into safety management systems.The increased documentation required following the gamut…
AI empowers shipowners with safety management challenges Read More »