The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. After a tumultuous few years marked by the Covid-19 shock in 2020 and the turmoil caused by Russia’…
Coal trade to return to 2019 levels Read More »
Ship owners gravitated towards more tanker acquisitions, than bulker ones, during the first six months of 2023. In its latest weekly report, shipbroker Xclusiv said that “the second quarter of the year has come to an end, and it is time to do a quick r…
More Tankers, Less Bulkers Were Bought in the S&P Market During the First Half of 2023 Read More »
A downturn in trade and mass disposal of surplus equipment will lead to a 2% contraction in the global container equipment pool in 2023. But a recovery thereafter will drive expansion of the fleet with most of this investment coming from lessors, raisi…
Carrier reliance on leased container fleet to support higher per diems and cash returns Read More »
Russian seaborne crude oil export volumes have remained strong and grew 13% y/y in 2022 despite the invasion of Ukraine. However, after a 4% m/m fall in June, volumes fell another 16% m/m in July, and the Russian administration has announced export cut…
Russian Seaborne Crude Oil Export Volumes Fall 16% M/M And May Fall Further Read More »
Tanker newbuilding orders have been on the rise, as owners feel more confident to invest, given the record low orderbook. In its latest weekly report, shipbroker Allied said that “a rather interesting week for the newbuilding market took place, with a …
Tanker Newbuilding Orders Gather Pace Read More »