The crude and clean tanker market in the North American region will see its trade shift, from 2024 onwards, as a result of the operation of the new Olmeca (former Dos Bocas) 340,000 b/d refinery in Mexico. In its latest weekly report, shipbroker Gibson…
Tankers: Mexico’s New Refinery Will Change the Crude and Clean Tanker Trade Read More »
Capesize The capesize market witnessed an eventful week. It began energetically in the Pacific, where all three major players actively participated, leading to a positive response to the C5 market. As the week progressed, the market experienced fluctua…
Dry Bulk Market: Capesizes Stabilize by the End of the Week Read More »
During July and the first half of August, the Pacific head haul trade saw continued sustained increases in spot rates, a trend that also impacted the key Asia to Europe trades from the beginning of August. Looking at underlying data this appeared to be…
FBX Index September 2023: Carrier discipline wavers and Atlantic has collapsed Read More »
Financing for “green” ships is widely available and on better terms, compared to ships using conventional technologies. Following are the main findings of Petrofin Research’s latest annual report on global ship financing trends. The Petrofin Index for …
The 80th session of the IMO’s Marine Environment Protection Committee (MEPC 80) adopted a revised GHG Strategy. The revised strategy aims to significantly curb GHG emissions from international shipping. The new targets include a 20% reduction in emissi…
IMO MEPC 80: Shipping to reach net-zero GHG Emissions by 2050 Read More »