Crude oil imports into China were down 4.6% year-on-year during the first 11 months of 2022. In its latest weekly report, shipbroker Banchero Costa said that “2022 has turned out to be a very positive year for crude oil trade, despite the surging oil p…
China’s Crude Oil Imports Retreated During 2022 Read More »
Since the end of 2020, Scorpio Bulkers has been gradually disposing of its dry bulk vessels. In the world of entertainment, this would have been classed an extreme makeover. Why did your company reinvent itself as Eneti? There were several factors that…
From coal to renewables – lessons to learn from a total transformation Read More »
Uniper brought Germany’s first full cargo of liquefied natural gas (LNG) to the new LNG terminal, operated by Uniper, in Wilhelmshaven. The LNG ship Maria Energy, owned by Tsakos Energy Navigation, a major energy mover, was loaded in Calcasieu Pa…
The ship recycling market has had a challenging 2022, with a general lack of activity. In its latest weekly report, GMS (www.gmsinc.net), the world’s leading cash buyer of ships said that “as we close out another year, sub-continent markets remain susp…
Ship Recycling Starts 2023 Looking for More Activity Read More »
With world inflation widely anticipated to have reached 8.8% in the closing weeks of 2022, senior executives within global manufacturers and retailers will be eagerly awaiting ocean transport savings as reports of plummeting containerised freight rates…
5 key ocean freight procurement considerations in a falling market Read More »