Following the surge in VLAC ordering during 2023-24, the trend seems to be shifting to the relatively small MGCs, as 20 orders were placed in 1H24. With the rising interest of shipowners, we believe 2024 will be a historic high for MGC orders. As per D…
MGCs retain their status as ‘true workhorses’ due to high yields and increased orders Read More »
The shipping industry is in the throes of significant change, driven by global events, supply chain disruptions, and an evolving market dynamic. In the midst of this transformation, Chinese and Japanese leasing companies have emerged as major players i…
Reshaping the ship finance landscape Read More »
The Capesize market has benefited from the resumption of Australian coal exports to China after a period of tension between the two countries. In a recent weekly report, shipbroker Banchero Costa said that “global coal trade has really picked up pace i…
Dry Bulk Market: Australian-China Trade Route Recovering Read More »
Skyrocketing freight rates in the product tanker market, especially in the LR segment, are luring some charterers to use VLCCs for the CPP trade after tank cleaning. As most LRs carrying Middle Eastern diesel to Europe are passing through the Cape of G…
VLCCs might play spoilsport in the LR market Read More »
The CO2 Efficient Transport via Ocean (CETO) joint industry project (JiP) concluded recently with the release of a report setting out the findings of the Technology Qualification performed in the study. The project partners, which included Equinor, Gas…