On 22 July, Russia and Ukraine signed an agreement with Turkey and the United Nations to allow grain exports from three ports in western Ukraine: Yuzhne, Chornomorsk, and Odesa. Combined, the three ports accounted for 65% of the country’s total grain e…
Grain agreement could see 65% of Ukraine’s seaborne capacity reopen Read More »
The Russia-Ukraine war and sanctions on Russia’s refined products have created a void in the European market, which is counterbalanced largely by South Asia. The product tanker sector has been gaining from the ongoing geopolitical tensions as a sudden …
Geopolitical tensions redefine the new normal for product tankers Read More »
SEEMP Part III represents the International Maritime Organization’s decarbonisation ambitions. The regulation requires ships of at least 5,000 GT and which trade internationally, except passenger ships, to have a verified Ship Energy Efficiency M…
Why it’s time to act on SEEMP Part III Read More »
Ten trade organisations, representing the owners and forwarders of cargo, port terminal operators and other parts of the supply chain dependent on container shipping, are demanding an immediate start to the review of European Union’s Consortia Block Ex…
Capesize A mixed week for the Capesize sector, but it ended on a positive note. The timecharter average of the five routes rose above the $20,000 level and closed at $22,362 on Friday. Activity was largely seen from the Pacific, including coal from Ind…
Dry Bulk Market: Capesizes End Week on a Positive Note Read More »