As 2022 drew to a close, global coal demand looked set to end the year just 1.2% up on the previous year. But that small increase was enough to push global coal demand to an all-time high, according to the International Energy Administration (IEA). Low…
Coal growth blip not to be repeated Read More »
With the ban on Russian refined products right around the corner, the “puzzle” of bans to Russian oil and gas imports in the EU is about to be completed. In its latest weekly report, shipbroker Gibson said that “with just two trading weeks left until t…
Product Tankers and Diesel Supply for the EU: What to Expect? Read More »
Capesize The average of the Capesize timecharter routes climbed when the week first began, but soon dropped from over $10,000 threshold to $6,529 on Friday. The steep decline mainly came from the north Atlantic region. The transatlantic and fronthaul t…
Dry Bulk Market: Steep Fall for Capesizes Read More »
New statutory requirements entered into force on 1 January 2023. From this date, it is mandatory for all ships to calculate their attained Energy Efficiency Existing Ship Index (EEXI), to measure their energy efficiency, and to start collecting data to…
EEXI and CII requirements taking effect from 1 January 2023 Read More »
Dirty freight rates in December fell from elevated levels as activities slowed ahead of seasonal holidays, with losses on almost all monitored routes, OPEC said in its latest weekly report. VLCCs showed the biggest decline on average, with spot freight…
Tanker Market Feel in December Read More »