The tanker market has steadied during the month of March, OPEC said in its latest monthly report. Dirty freight rates were relatively steady in March on most monitored routes. VLCC spot freight rates on the Middle East-to-East route were unchanged, m-o…
Tanker Market Steadies During March Read More »
In the second week of April, the crude oil freight market maintained a relatively stable sentiment in the VLCC Ras Tanura segment, while indications of an upward trend emerged in the Aframax Mediterranean, accompanied by a decrease in vessel supply. Ap…
The recent International Maritime Organisation (IMO) Marine Environmental Protection Committee meeting, MEPC81, injected fresh momentum into the shipping’s decarbonisation efforts. While the meeting itself did not enact concrete measures, it served as …
IMO signals shipping’s decarbonisation progress Read More »
Newbuilding orders have picked up last week, while S&P activity also remained brisk, on the back of increased demand for dry bulkers. In its latest weekly report, shipbroker Banchero Costa said that “Singapore based Pioneer Bulk, after his debut on…
Newbuilding Activity Picks Up Read More »
The first quarter of the year ended with a downward revision to the growth in tonne-days for iron ore flows from Brazil to the Far East, while there was a change to an upward revision from Africa. In the second week of April, we observed a decline in t…
Dry Bulk Iron Ore Flows to the Far East Read More »