The list of yards building Tankers is widening, with a mix of brand new builders and established builders extending into the sector for the first time. Fifty-one vessels have been ordered for the first time at newbuild yards in 2026, up 34% from 38 in …
New and Established Yards Enter Tanker Market for the First Time Read More »
Venezuela is not a binary, open-or-closed sanctions story. Trade responds to restrictions, but it also responds to waivers, licences and commercial incentives. For anyone shipping, financing or screening Venezuelan cargoes, the question is no longer on…
Venezuela’s oil trade reopened. The risk moved to the vessel Read More »
Shipping is responsible for around 10% of EU ETS emissions but pays almost 20% of the ETS bill. Unlike other sectors, it has never received free allowances. The new Sustainable Maritime Alternative Propulsion (SMAP) mechanism is a chance to reinvest pa…
At the end of September, a 15-year-old VLCC was valued above a newbuilding for the first time at USD 139.2 mil for 310,000 DWT, compared to USD 138.7 mil for newbuilding vessels. The move is part of a wider inversion of the age curve; a five-year-old V…
Secondhand VLCCs Now Valued Above Newbuildings Read More »
Middle Eastern buyers have been far more active in the Tanker S&P market over the past quarter. Between July 1 and Oct. 5, they made 34 Tanker purchases, up from 21 in the same period last year, an increase of more than 60%. The rise is concentrate…
How Conflict in the Middle East is Impacting Maritime Read More »