Strong crude oil import growth from China during 2023, offered additional support to the tanker market. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade, despite the high oil pr…
Tanker Market: China Accounted for 23.6% of Global Crude Trade in 2023 Read More »
Values for Bulkers have been going from strength to strength this year, up across all ages and size categories. Notably the Capesize and Supramax sectors have seen some dramatic increases, for example in the Capesize sector, values for 20YO vessels of …
“Houthi attacks on ships in the Red Sea, coupled with a rise in piracy off the coast of Somalia, are disrupting global trade. In 2023 an estimated 13% of global seaborne trade transited through these areas. However, the attacks have reduced the number …
13% of world seaborne trade under attack from Houthis and Somali pirates Read More »
The product tanker market could be line for some shift in cargo flows, as new refineries enter the foray. In its latest weekly report, shipbroker Gibson said that “refining margins across the world surged to record levels in 2022, following Russia’s in…
Product Tanker Market: Cargo Demand Could Shift to New Markets Read More »
It has been “quite a year” for ship owners preparing for the EU Emission Trading System, according to Steve Laybourn, chartering manager at Ardmore Shipping. Describing the preparation as a “bit of a rollercoaster ride”, Laybourn urged laggards to move…
ETS: ‘Quite a year’ for ship owners Read More »