As we enter the fourth quarter of this year, the market is showing a strong resurgence with rates increasing year-over-year. Notably, Capesize Brazil to North China rates have exceeded $20 per tonne. This significant upswing in the freight market’…
The splintering of the world political order is changing who buys what from whom. More diversity in trading partners offers hope to improve woeful container imbalances. The following is an extract from Drewry’s latest Container Forecaster report, just …
Relocate, relocate, relocate Read More »
The ship recycling market hasn’t shown any signs of vibrancy over the past week, apart from, perhaps Indian recyclers, who’ve been more active. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as we enter the Autumnal season wh…
Ship Recycling Activity Enters “Slow Season” Read More »
The ongoing global push for decarbonisation, switch towards cleaner fuel, expanding fleet of EVs and rising fuel efficiency of vehicles are likely to decelerate the oil demand in the coming years, hampering the prospects of growth in the tanker market….
Game-changing refineries poised to reshape the tanker market Read More »
Amid the ongoing weakness seen across the global petrochemical sector, the comparative recovery of gasoline and transport fuel demand this year has helped shift trade flows on several chemical products that have found better value in the blending pool….
Changes to Chemical & Gasoline blending component trade flows in H2 2023 Read More »