VLSFO prices back above $600. When VLSFO was fully introduced in December 2019/ January 2020, Singapore prices were in the range $615-660/mt; so far in November have averaged $620/mt – we are back to where it all started! Events over the past 22 months…
VLSFO: Back To Where We Started on ‘Day 1’ – What’s Next? Read More »
Capesize The Capesize market closed out a generally underwhelming week with positive sentiment and an uptick in the final days with the 5TC lifting +2905 to settle at $29,938. Rates are down week on week and the routes appear to now be oscillating in a…
Dry Bulk Market: Capesizes End the Week on a High Read More »
On 11 November Hafnia Limited (Hafnia) announced that it will acquire Chemical Tankers Inc. (CTI) in an all-stock transaction. Hafnia will acquire all outstanding shares in CTI and in exchange CTI’s shareholders will receive shares in Hafnia representi…
The recent COP26 event has again shone a light on the Shipping Industry’s need to accelerate its ambitions around decarbonisation. However, most of the discussions at the conference focused on the ‘bigger picture’ elements of Shipping’s decarbonisation…
When it comes to reducing shipping emissions in Europe, what is a ‘shipping company’? Read More »
China’s pledge to not fund any new coal-fired power plants outside of its borders should sound a loud alarm to those still entrenched in the business of moving coal by sea. The promise, made by Chinese president Xi Jinping at the United Nations General…
Coal cold shoulder intensifies Read More »