After four and a half years since the implementation of the IMO rules on low sulphur fuels, it’s more than evident that larger tanker sizes have chosen the retrofitting of scrubbers, to become compliant. In its latest weekly report, shipbroker Gibson s…
Larger Tankers Opt for Scrubbers Read More »
Capesize The week commenced with a tepid start as the BCI 5TC index slipped, reflecting limited activity in both regions. As the days progressed, the Pacific saw a reasonably robust list of available cargoes, although activity was still somewhat stagna…
Dry Bulk Market: Capesize Market Ends Week on a Positive Note, Despite Overall Losses Read More »
Ocean freight container shipping spot rates have increased dramatically in recent months, but the long term market has been insulated from this volatility in comparison – perhaps until now. The Global XSI®, which covers all valid long term contracts in…
EU crude oil imports rose during the first half of 2024, as the “bloc” remained the second largest importer globally. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade, despite t…
Tankers: Seaborne Crude Oil Imports from the EU Rise in the First Half of 2024 Read More »
This week’s chart underscores the upward trend in the monthly quantity of Russian crude oil shipments to the Central Mediterranean and the Sea of Marmara. Italy has emerged as the leading destination country, reflecting a significant shift in tra…
Tanker Market Monitor: Russian crude oil shipments Read More »