The tanker market has been on the rise during the month of October, according to OPEC’s latest monthly report. Dirty freight rates began to recover in October as refiners started preparing for winter demand following maintenance in 3Q23. Gains were con…
Tanker Market on the Rise Read More »
As the shipping industry confronts the climate challenge, the evolution of business models becomes imperative, according to Danish Ship Finance. In its latest Shipping Market Review, the shipping loan provider warned that traditional tonnage providers …
Evolution of shipping’s commercial models Read More »
The European Parliament and the Council have reached an agreement on updated and more efficient rules for waste shipments. Of special relevance to the shipping community, this new agreement will make it possible to responsibly recycle EU-flagged ships …
The dry bulk market has benefited from a resurgence in seaborne coal demand lately, with Indonesia in particular, emerging as a major exporter. In its latest weekly report, shipbroker Xclusiv said that “despite global efforts to transition several majo…
Coal’s Resurgence Going Strong, Boosting Demand for Bulkers Read More »
In the third week of November, crude freight market sentiment recorded a decrease with VLCC AG to China rates holding a resistance for firmer levels, however, when looking at the demand side there has been a further decrease in VLCC dirty tonne days gr…