The International Monetary Fund’s (IMF) latest World Economic Outlook (WEO) update in July paints a picture of near-term resilience amid persistent challenges for the global economy. Global growth is projected to decelerate from 3.5 percent in 20…
Economic Resilience Tempered By Persistent Challenges Read More »
The dry bulk market will be effected by Russia’s exit from the UN Black Sea Grain Initiative. In its latest weekly report, shipbroker Xclusiv said that “earlier this week Russia stepped back from the UN Black Sea Grain Initiative. Moscow announced that…
LSEG (London Stock Exchange Group) and Siglar Carbon, a maritime emissions analytics company, have announced an agreement to enable customers to evaluate the different carbon options for cargo programmes via Workspace. The agreement will combine Siglar…
Emissions insights could cut EU-mandated carbon costs of shipping by 50% Read More »
In the last days of July, the outlook for crude oil freight rates showed signs of weakness as the growth of demand in tonne days continued to decline. Additionally, the daily 25-day moving average of crude oil flows from Arabian Gulf countries to China…
Ship owners have kept ordering newbuildings, with bulkers and tankers the main targets. In its latest weekly report, shipbroker Allied Shipbroking said that “the newbuilding market was quieter than in the previous week, but there was activity to be not…
Newbuildings: Tankers and Bulkers the Main Targets Read More »