The VLCC tanker market has shown significant strength over the past couple of weeks. In its latest weekly report, shipbroker Xclusiv said that “the VLCC market has shifted gears in September. On our Baltic series, the benchmark rose from about USD 45,1…
VLCC Market Firing on All Cylinders Read More »
Global Perspective Global coal demand reached 8.79 billion tons in 2024, marking a new record. According to the IEA’s Coal Mid-Year Update 2025 (July, 2025), consumption is expected to plateau at similar levels in 2025, reflecting a critical shift. In …
Is coal trade entering a turning point? Read More »
With global carbon capture and storage markets poised for rapid expansion, a corresponding scale-up of the CO₂ carrier fleet is needed. A DNV white paper explores the key considerations in the design, construction and operation of CO₂ carriers. Carbon …
Designing safe CO₂ carriers for a growing CCS market Read More »
The ship recycling markets remained a mixed bag during the previous week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “in India, the market remained negative throughout the week, with no signs …
Ship Recycling Market Remains A Mixed Bag Read More »
“On the strength of demand in trade lanes not bound for the US, we have increased our ship demand growth forecast for 2025 to 4.5-5.5% while maintaining it at 2.5-3.5% for 2026. We now expect a balanced supply/demand development in 2026 while expecting…
Container Shipping: Demand bolstered by trade lanes not bound for the US Read More »