As of 1 January 2024, vessels over 5,000 GT operating within EU waters are subject to the EU’s Emission Trading System (ETS). A recent implementing regulation has clarified how a shipowner may transfer responsibility for compliance – but some imp…
EU ETS: important compliance clarifications Read More »
S. Korea, which is one the leading importers of crude oil, has increased its demand during 2023. In a recent report, shipbroker Banchero Costa said that “2023 so far has been another positive period for crude oil trade, despite the high oil prices and …
S. Korea Crude Oil Imports Rose in 2023 Read More »
Clarksons Research have today released their latest annual review of shipping markets, including full year 2023 data points, charting the progress of market developments across another dynamic year for shipping markets. Summarising the annual review St…
Clarksons: Seaborne Trade Reaches 12.4bn Tonnes Read More »
As the new year turns, the commodities complex finds itself in a state of measured anticipation. ING’s Commodities Outlook 2024 paints a picture of cautious optimism, a nuanced perspective shaped by supportive fundamentals, lingering geopolitical…
The commodities landscape in 2024 Read More »
Seaborne crude oil exports from the UAE have grown significantly over the course of 2023. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade, despite the high oil prices and risks…
Tankers: UAE Crude Oil Exports Up By 15.3% Read More »