Smaller tanker sizes, like Aframaxes and Suezmaxes are expected to be the main beneficiaries of Europe’s shifting of its oil imports. In its latest weekly report, shipbroker Gibson said that “in recent months triple digit oil prices have become a new r…
Aframaxes and Suezmaxes Expected to Gain From Europe’s Oil Imports After Russian Oil Ban Read More »
Capesize The Capesize market was unable to carry the rally from last week as rates were seen to dip sharply this week with the 5TC down 4901 to $19,875. Trade activity throughout the week came in fits and starts with the market struggling to settle. Wh…
Dry Bulk Market: Capesizes Stall, as Sentiment Softens Across the Board Read More »
To have any hope of meeting the Paris and Glasgow Agreement goals we need to remove 6–7 gigatonnes of CO2 from the atmosphere every year from 2050 onwards. Alternative fuels and energy saving will help, but too much CO2 is being emitted all the time, a…
DNV supports innovations in CO2 carrier design Read More »
Amid pressure from NGOs and governments, shipping could be moving towards net zero by 2050, instead of the initial goal set of a 50% emission reduction. In its latest weekly report, shipbroker Gibson said that “last Friday saw the close of the much-ant…
Net Zero Shipping By 2050 Could Be on the Agenda Pretty Soon Read More »
Capesize It was turbulent seas this week as global markets buffeted the Capesize sector. Amongst this turmoil the sector managed to find a floor under its recent softening as sentiment improved in the latter part of the week with the Capesize 5TC lifti…
Dry Bulk Market: Turbulence Prevails Read More »