Newbuilding orders for product tankers have been on the rise since the start of the year. In its latest weekly report, shipbroker Xclusiv said that “strong demand has been a key driver of robust product tanker markets, further amplified by geopolitical…
Product Tanker Ordering On the Rise Read More »
FuelEU Maritime – part of the EU’s Fit for 55 package – will apply from 1 January 2025 to all commercial vessels over 5,000GT trading in the EU that are used to transport cargo or passengers. By the end of August 2024, shipping companies were to submit…
FuelEU Maritime ready for 2025? Read More »
Last week’s Draghi report stressed the need to keep European shipping internationally competitive. At the same time, it found that shipping needs €40 billion annually to decarbonise. European shipowners release today their position paper on a European …
Competitive European Shipping key for Europe’s security and for strong maritime cluster Read More »
Crude and product tanker flows in the Atlantic could shift as a result of a potential ramp up of production by the Olmeca refinery in Mexico. In its latest weekly report, shipbroker Gibson said that “the Olmeca refinery in Dos Bocas, Mexico, was inaugu…
Crude Tanker Market: Atlantic Flows Could Shift Read More »
Capesize The Capesize market experienced a mixed week, beginning with positive sentiment but gradually facing increasing pressure. It was a slow start, although optimism remained as the BCI 5TC rose by $400 to $28,232, driven by limited but stronger Pa…
Dry Bulk Market: Mixed Week for Capesizes Read More »