Drewry projects a 3.3% YoY gain in Capesize shipping demand in 2024 due to the shift in Colombia’s coal exports to the Far East. Freight rates on the Colombia-ARA route will be dampened as Europe, Colombia’s erstwhile major trade partner, is reducing i…
Asia’s appetite for Colombian coal pushing up Capesize demand Read More »
The tanker market showed mixed performance during the month August. According to OPEC’s monthly report, dirty spot freight rates for very large crude carriers (VLCCs) showed mixed movements in August, while Suezmax and Aframax rates experienced decline…
Tanker Market Mixed During August Read More »
This week’s special focus is on the growth of VLCC AG supply for the first two weeks of September, as depicted in the left chart. The data shows promising signs of increasing supply, while WS rates are striving to establish firmer momentum. On the carg…
Tanker Weekly: Dirty Oil Shipments – Libya Read More »
Lenders to shipping are increasingly considering climate performance when setting loan margins, a study has found. However, their focus remains on the corporate level rather than the asset level, potentially limiting their ability to mitigate transitio…
Shipping lenders’ climate risk exposure Read More »
In what appears to be a structural market swift, Ultramax dry bulk carriers appear to have an edge over their Kasmarmax counterparts. In its latest weekly report, shipbroker Intermodal said that “the past week closed with the Kamsarmax sector once agai…
Ultramaxes Edging Out Kamsarmaxes Read More »