Green methanol has emerged as one of the leading solutions for reducing shipping emissions. However, despite its apparent benefits in reducing SOX and NOX emissions, it’s still not carbon-free, while costs are still very high. In its latest weekly repo…
Capesize The week started on a subdued note as Asia observed Lunar New Year holidays, all three major mining companies active in the Pacific, contributing to an upbeat sentiment despite minimal activity elsewhere. Conditions were notably calm from Sout…
Dry Bulk Market on the Rise Read More »
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuild activity over the coming years. “Like everything else, supply and demand forces dictate the marke…
Strong outlook for the tanker market in 2024 and beyond Read More »
The tanker market rose during the first month of 2024, as a result of disruptions in trade flows, OPEC said in its latest monthly report. Dirty freight rates rose in January amid trade flow disruptions that further increased tonnage mile demand. VLCC s…
Tanker Market Rose in January Read More »
The Red Sea crisis sent ocean freight rates from the Far East to US spiralling by more than 150%, but there appears to be some relief on the horizon for shippers. The latest data released by Xeneta indicates a peak may have been reached after spot rate…
Spiralling ocean freight rates from the Far East to US may have peaked Read More »