EU imports of diesel-like products will start to be sourced from countries farther away from Russia in a couple of weeks. As a result, the effect on the product tanker market is expected to be profound. In its latest weekly report, shipbroker Intermoda…
The EU’s legislative bodies have reached an agreement on including shipping in its Emission Trading System (EU ETS). Subject to final adoption, ships above 5000 GT transporting cargo or passengers for commercial purposes in the EU will be required to a…
As 2022 drew to a close, global coal demand looked set to end the year just 1.2% up on the previous year. But that small increase was enough to push global coal demand to an all-time high, according to the International Energy Administration (IEA). Low…
Coal growth blip not to be repeated Read More »
With the ban on Russian refined products right around the corner, the “puzzle” of bans to Russian oil and gas imports in the EU is about to be completed. In its latest weekly report, shipbroker Gibson said that “with just two trading weeks left until t…
Product Tankers and Diesel Supply for the EU: What to Expect? Read More »
Capesize The average of the Capesize timecharter routes climbed when the week first began, but soon dropped from over $10,000 threshold to $6,529 on Friday. The steep decline mainly came from the north Atlantic region. The transatlantic and fronthaul t…
Dry Bulk Market: Steep Fall for Capesizes Read More »