The crude tanker market benefitted from a surge in crude oil exports from the US with the EU accounting for more than 20% of demand. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil t…
Tankers: US Crude Oil Exports Surged in 2023 Read More »
The dry freight market in the third week of January continued to exhibit a persistent weakening trend in the Capesize segment. Concurrently, there was a notable surge in the number of ballasters in the Southeast Africa region as we approach the month&#…
With commitments made at the 2023 COP28 Climate Change Conference in Dubai to triple renewable energy production and the surging popularity of electric vehicles, the demand for minerals such as cobalt, copper, lithium, nickel, and rare earths has skyro…
High stakes of energy-related critical minerals Read More »
Supplies, cargoes and ships have turned on their heads over the past few weeks, as a result of the crisis in the Red Sea. In its latest weekly report, shipbroker Xclusiv said that “in its widely monitored monthly oil market report, the Organization of …
Tanker Trade in Flux: The Red Sea Crisis Impact is Growing Read More »
Demand In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for both 2024 and 2025 compared to our previous forecast due to a weaker outlook for coal as renewable electricit…
BIMCO: Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months Read More »