Ahead of next week’s International Maritime Organization’s Marine Environment Protection Committee meeting (IMO, MEPC 82, September 30-October 4), the Clean Shipping Coalition urged national delegations that support ambitious climate action to also ins…
The last week of September is concluding with an upward trend in VLCC rates on the Arabian Gulf-China route, signalling a strengthening market as we approach the winter season, a period traditionally marked by increased energy demand. The momentum curr…
Tanker Weekly Market Monitor: Crude oil flows to China Read More »
This week’s focus is on the overall decreasing pace of ballast speeds across all dry vessel class categories for the year. Notably, the Capesize segment, which initially showed an upward trend at the beginning of the year, saw its ballast speed i…
Dry Bulk Market Monitor: Ballast speed Dry All vessel classes Vs Capesize Read More »
Supply/demand balance The disruption caused by ships being rerouted via the Cape of Good Hope remains the key ship demand driver. As a result, ship demand is forecast to grow three times faster than cargo volumes in 2024. Without it, ship supply would …
Container Shipping Market Overview & Outlook September 2024 Read More »
The global shipping industry is not on track to meet its target of having zero-emission fuels account for 5% of all fuels by 2030. That’s according to a new report from the UCL Energy Institute, UN Climate Change High-Level Champions, and the Getting t…