The product tanker is expected to be impacted by the lack of diesel supplies, after Russia’s decision to ban exports. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “the world’s oil refineries are unable to produce enough d…
Diesel Trades to Dominate the Product Tanker Market Read More »
In the last week of September, there is some optimism in the VLCC crude oil freight market after a difficult summer season. It should be noted, however, that while there are positive signs, growth rates in tonne days aren’t yet robust. The real t…
Russian diesel oil exports in September hit the lowest level of the year Read More »
After a full year of seemingly freefalling ocean freight rates, the latest market data from Oslo’s Xeneta suggests the industry may finally have reached a turning point. According to the Xeneta Shipping Index (XSI®), which tracks real-time rates develo…
Despite the challenging environment, under which the shipping industry must operate today, prospects for tankers and to a lesser degree bulkers, remain rosy. In its latest weekly report, shipbroker Intermodal said that “2023 has been a very challenging…
Shipping Market’s Prospects Look Rosier Despite Challenges Read More »
The Review of Maritime Transport 2023 urges swift action and system-wide collaboration to decarbonize maritime transport amid growing carbon emissions and regulatory uncertainty. UNCTAD has called for a “just and equitable transition” to a …