A fleeting peace deal in Ukraine is still the case, but with progress being made, tanker market analysts are trying to gauge the potential impact in demand and supply. As such, any significant shift in tonne miles in the crude tanker market, would come…
Tanker Market Looking for Cues Read More »
Geopolitical and policy risks have become bigger drivers of our ‘deteriorating’ 2026 outlook for the global shipping sector than underlying industry fundamentals, Fitch Ratings says. These risks include potential tariff-related escalation; other protec…
Geopolitical Risks Increasingly Drive Deteriorating Shipping Outlook Read More »
Capesize The market closed the week firmly on a softer footing, with sentiment deteriorating steadily across both basins despite pockets of activity. The BCI 5TC lost significant ground, sliding from $41,571 to end the week at $30,731, reflecting mount…
Dry Bulk Shipping: Challenging Market for Most Sizes Read More »
The tanker market faced further headwinds during the past month, OPEC said in its latest weekly report. Dirty tanker spot freight rates showed further strength in November, supported by seasonal factors and an uptick in demand for mainstream vessels. V…
Tanker Market Slowed Down During November Read More »
The Dangote refinery’s expansion to 1.4 mbpd by 2028, doubling its current output, is expected to reshape regional trade dynamics in the Atlantic basin. As European refinery runs decline amid a wave of closures, Dangote’s growing output could redirect …
Expansion of Dangote’s refinery capacity to reshape Atlantic basin flows Read More »