Product tanker demand is expected to remain elevated, as Europe continues to import diesel from external sources, to cover demand. In its latest weekly report, shipbroker Intermodal said that “in 2024 so far, Europe’s CPP imports are robust, with diese…
EU Diesel Imports Still a Main Trade Read More »
The English High Court has issued a judgment concerning a carrier’s duty when issuing a bill of lading to check the declared weight of a container. Maersk agreed to carry a number of containers onboard the Maersk Klaipeda said to contain valuable coppe…
The maritime industry’s push toward decarbonisation brings an unexpected benefit: the reduction of underwater radiated noise (URN). While the sector focuses intensively on emissions reduction and fuel efficiency, these same measures are quietly c…
Ton-mile demand in the tanker market could be gearing up for a rebound in the coming months. In its latest weekly report, shipbroker Gibson said that “American crude production has gone from strength to strength in recent years, despite a recent slowdo…
Tankers: Ton-Mile Demand Could be Set for an Increase Read More »
Capesize The Capesize market faced a persistent downturn this week, with the Baltic 5TC declining daily to end at $15,395, down $2,779 from Monday. In the Pacific, limited mining demand early in the week led to a softening in the C5 route, hindered by …
Dry Bulk Market: Capesizes Faced Downturn Last Week Read More »