In a mid-year assessment of the global economy, Carsten Brzeski, global head of macro and chief economist for the Eurozone, Germany, and Austria at ING, warned of a further weakening of the global economy and a rapid fall in headline inflation for the …
Economy: a game of two halves Read More »
The second week of July has witnessed a sustained decline in crude tanker freight rates, which is further compounded by the challenges posed by the summer season on the market. Particularly, Chinese oil demand from the United States has significantly d…
The latest industry analysis from Xeneta shows that CO2 emissions from the container industry fell during the first quarter of 2023 across 10 of the world’s busiest 13 ocean freight lanes. According to the Carbon Emissions Index (CEI), a unique environ…
The start of the week on July 28 brought a downward trend in freight rates across all vessel sizes, indicating negative momentum. While concerns about rate stability continue, there was some positive news for the Capesize and Panamax segments as the Ba…
The International Maritime Organization (IMO) rules have had some success in improving public health. Global emissions of sulphur dioxide (SO2) – a health-damaging air pollutant – have dropped by about 10% as a result. But the shift to low-sulphur ship…
How low-sulphur shipping rules are affecting global warming Read More »