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 »
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 »