The tanker market’s growing uncertainty is changing the ordering patterns in the 80–120,000 dwt segment, known as the Aframax in crude and LR2 in product tankers. Traditionally, shipowners looking to transport crude oil opted for Aframax tankers, while…
Flexibility wins: Orders shifting from Aframax to ‘coated Aframax Read More »
Capesize The market endured a challenging week, with sentiment deteriorating steadily as limited enquiry and a lack of sustained cargo volume weighed on both basins. The BCI 182 5TC fell from $42,798 at the start of the week to $37,251 by the close, re…
Dry Bulk Market: Capesizes Faced a Challenging Week Read More »
The OECD has laid out two starkly different economic futures for global trade in its latest Economic Outlook. The report’s scenario analysis makes clear that the trajectory of Middle East-related disruptions to energy flows will determine not only grow…
Trade stands at a crossroads Read More »
As the shipping industry intensifies its focus on energy efficiency, clear and balanced standard contractual frameworks for vessel retrofit projects are becoming increasingly important. BIMCO is well advanced in developing its Energy Saving Device Retr…
BIMCO’s Energy Saving Device Retrofitting Addendum: Work well underway Read More »
Fitch Ratings has revised its 2026 outlook for the global shipping sector to ‘neutral’ from ‘deteriorating’, reflecting a war-driven increase in demand for alternative suppliers and routes, primarily for oil and oil products. Th…
Fitch Ratings Revises Global Shipping Outlook to Neutral on War-Led Tanker Rate Surge Read More »