In the second week of April, the crude oil freight market maintained a relatively stable sentiment in the VLCC Ras Tanura segment, while indications of an upward trend emerged in the Aframax Mediterranean, accompanied by a decrease in vessel supply. Ap…
The recent International Maritime Organisation (IMO) Marine Environmental Protection Committee meeting, MEPC81, injected fresh momentum into the shipping’s decarbonisation efforts. While the meeting itself did not enact concrete measures, it served as …
IMO signals shipping’s decarbonisation progress Read More »
The first quarter of the year ended with a downward revision to the growth in tonne-days for iron ore flows from Brazil to the Far East, while there was a change to an upward revision from Africa. In the second week of April, we observed a decline in t…
Dry Bulk Iron Ore Flows to the Far East Read More »
In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on ships in the Red Sea area have caused average sailing distances to increase…
EU Tanker Import Tonne Mile Demand Up 12% As Ships Avoid Red Sea Area Read More »
There are several elements of unpredictability affecting our shipping market forecasts for the second quarter of 2024. The Chinese economy’s recovery currently teeters on instability, casting a shadow of uncertainty over the industry due to China…