China remains the biggest importer of crude oil in the world, marginally ahead of the E.U. In its latest weekly report, shipbroker Banchero Costa said that “China’s crude oil imports so far has been another positive period for crude oil trade, despite …
China Retains Crude Oil Import “Crown” Read More »
Decarbonising shipping is about more than fuel. “The more we focus on fuels, the more non-fuel related greenhouse gas (GHG) emissions will become relevant,” believes Andreea Miu, head of Decarbonisation at the Sustainable Shipping Initiative (SSI). She…
Steel’s embedded emissions boost shipping’s GHG Read More »
In a world driven by connectivity and digitalisation, the maritime industry is not immune to the growing threat of cyberattacks. A recent report by Thetius, law firm HFW, and maritime cybersecurity company CyberOwl reveals a sobering truth: the average…
Rising threat of maritime cyberattacks Read More »
An aging and outdated fleet could be one of the hurdles that shipping needs to overcome, in order to achieve the decarbonization goals set by the IMO by 2030. In its latest weekly report, shipbroker Xclusiv said that “almost 7 years ahead of 2030 and q…
Will Shipping Be Ready By 2030?: Decarbonization Goals Could Be in Jeopardy Read More »
The third week of October saw a noticeable improvement in market sentiment in the crude oil freight sector. At the same time, we have observed an increase of rates in the clean tanker segment. This upswing can be attributed to the new geopolitical cris…