The International Flag-State Association (IFA), an association of the world’s three largest registries, Liberia, the Republic of the Marshall Islands, and the Republic of Panama, has been meeting since 2021. IFA is the first alliance of its kind and wa…
The global trading system is poised for a significant slowdown, with UNCTAD projecting global economic growth to ease to 2.6% through 2026, a deceleration from the pace set earlier this year. While international trade is set to reach a record-breaking …
Global trade shifts gears Read More »
“Assuming a significant increase in recycling of older ships and a reduction in average sailing speeds, we forecast that average market conditions in 2026 will be like those in 2025 but 2027 could see slightly weaker market conditions. We forecas…
Return to Suez Canal routings looms large over market outlook Read More »
As discussed in previous articles and reports, one of the defining drivers of the LR2 market in H2 2025 has been the transition from clean to dirty trading. Recent data show that this trend remains firmly in place as more than 50 additional LR2s are cu…
LR2s in the dirty market: how long will the shift last? Read More »
From Monitoring to Intervention The dark fleet – tankers engaging in dark activities while moving sanctioned oil, cycling through false flags, and obscuring ownership – has continued to expand, reaching more than 1,900 vessels by the end of Q3. Governm…
The Dark Fleet Is No Longer Invisible: What the Venezuela Tanker Seizure Signals Read More »