LR tonne-miles dropped sharply in December-24 and January-25 due to a stark decline in Europe’s middle distillate imports, and shifting export patterns in the Wider Arabian Sea. Due to declining Red Sea exports, and India West Coast exports having stay…
East of Suez to benefit more than Europe from LR tonne-miles drop Read More »
Greece is one of the maritime industry’s global powerhouses. Greek shipowners control over 20% of the global fleet and account for 60% of the EU-controlled fleet. The industry’s contribution to the Greek economy makes up 7% of the country’s GDP and whi…
Capesize The Capesize market experienced a generally softer week, with the 5TC declining to $6,733 by Thursday then edging back up to $6,964 by the end of the week. Despite the Pacific showing signs of strength with a healthy cargo flow and tightening …
Dry Bulk Shipping: Capesize Market Looking for a Revival Read More »
The crude oil freight market remains highly volatile, with recent spikes in VLCC rates on the MEG-China route. While tonne-day demand growth has yet to show signs of recovery, market sentiment appears to be firming, driven by uncertainty surrounding oi…
Tanker – Weekly Market Monitor: Oil Flows Canada Read More »
The FuelEU Maritime regulation is set to reshape the shipping industry, imposing stringent targets for reducing greenhouse gas (GHG) emissions from vessels operating within the EU and EEA. This regulatory landscape presents both challenges and opportun…
Navigating the FuelEU Maritime Maze Read More »