West African crude oil exports reversed a negative multiyear trend this year. In its latest weekly report, shipbroker Banchero Costa said that “after a modest upturn in 2024, when global crude oil loadings increased by +0.8% y-o-y, trade started very s…
Tankers: 2025 Marks a Rebound of West African Crude Oil Exports Read More »
The International Flag-State Association (IFA), an association of the world’s three largest registries, Liberia, the Republic of the Marshall Islands, and the Republic of Panama, has been meeting since 2021. IFA is the first alliance of its kind and wa…
The global trading system is poised for a significant slowdown, with UNCTAD projecting global economic growth to ease to 2.6% through 2026, a deceleration from the pace set earlier this year. While international trade is set to reach a record-breaking …
Global trade shifts gears Read More »
The global tanker fleet is ageing, with almost one third of it already over 16 years old. In its latest weekly report, shipbroker Xclusiv said that “the tanker market closes 2025 with a degree of structural tightness that cannot be captured simply by l…
Global Tanker Fleet Ageing Fast Read More »
“Assuming a significant increase in recycling of older ships and a reduction in average sailing speeds, we forecast that average market conditions in 2026 will be like those in 2025 but 2027 could see slightly weaker market conditions. We forecas…
Return to Suez Canal routings looms large over market outlook Read More »