Hot off the heels of the phased introduction of the EU Emission Trading Scheme for shipping, the industry is bracing itself for the impending impact of FuelEU Maritime. This new regulation, set to be enforced from January 1, 2025, mandates significant …
FuelEU storm brewing for shipping Read More »
This week’s chart underscores the decline in the growth of crude oil shipments to China from all origin countries during the second quarter of the year, with the monthly quantity in June recording an 8% drop compared to the same month in the prev…
Dirty & Clean Tonne Days Read More »
The tanker market is expected to benefit from further growth in ton-mile demand. In its latest weekly report, shipbroker Xclusiv said that “the International Energy Agency (IEA) has reported a significant slowdown in global oil demand growth, with the …
Ton Mile Demand Growth to Propel Tanker Market Forward Read More »
“During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices could be deterring contracting, yet in the second-hand market, where prices rose 15.2% y/y, t…
Dry bulk newbuild contracting fell 34.2%, despite a strong market Read More »
This week’s chart illustrates the increase in the monthly volume of Ukrainian grain shipments during the first half of this year (left chart), following Russia’s withdrawal from the Black Sea Grain Initiative in the summer of 2023. Despite …
Dry Bulk Market: Ukrainian Grain Shipments to all Destinations Read More »