The Wider European refining landscape is under pressure. Margins have suffered due to high volumes of middle distillates arriving from the Wider Arabian Sea, plus robust diesel imports from the US and Russia. In the export market, PADD 1’s demand for E…
LR2s poised to benefit from structural change to Europe’s clean tanker market Read More »
Orders of new container vessels are up by ~52% year-on-year with 254 new contracts placed in 2024, compared to 167 in the corresponding period of 2023 according to a new report by VesselsValue, the data intelligence arm of maritime data and freight man…
Container vessel orders up by over 50% in 2024 Read More »
The US East Coast port strike only lasted for three days, yet the ripple effects from the strike will be felt until mid-November. The resultant pile-up of vessels with cargo to be handled was mainly taken care of within the first three weeks of the str…
FBX Index October 2024: On track for a new early peak Read More »
This week’s highlight focuses on the growing demand in tonne-days for specific dry cargo types across different vessel sizes, offering insights into recent freight market trends and identifying areas where strong demand for certain cargoes could potent…
Dry Bulk Demand – Tonne Days Read More »
Secretary-General Arsenio Dominguez will lead IMO’s delegation to the annual UN Climate Change Conference (COP 29) to be held in Baku, Azerbaijan, from 11 to 22 November 2024. The 29th Conference of the Parties to the UN Framework Convention on Climate…
IMO heads to COP29 to promote net-zero framework for shipping Read More »