US gasoline imports have dropped well below the 2015-2019 average, despite the kick-off of the peak gasoline season. The US driving season, which ranges from Memorial Day (the last Monday in May) to Labor Day (the first Monday in September), represents…
US gasoline imports 40% below 5-year average heading into driving season Read More »
The COVID-19 pandemic has sent shock waves through the shipping industry. The supply glut of crude oil due to the Saudi/Russian price war and the declining demand due to global “stay at home” advisories sent tanker rates through the roof as oil traders…
Tale of Two Vessels: Hedging Freight to Control Costs Read More »
The outlook is poor for dry bulk, as the negative demand shock and overcapacity come together to send rates to multi-year lows, even a return to work in China is not enough to support the market. Demand drivers and freight rates The dry bulk shipping m…
Dry Bulk Shipping: No Quick Recovery For The Dry Bulk Market As Covid-19 Digs Deeper Read More »
The European Commission has published the first annual report on CO2 emissions from maritime transport. The report analyses the CO2 emissions and energy efficiency information of all the ships over 5,000 gross tonnage, which performed maritime transpor…
Commission publishes first annual EU report on CO2 emissions from maritime transport Read More »
Geopolitical tensions have now eased, leaving freight rates to feel the full effects of the weak underlying market and falling demand. Tanker shipping looks set to be under pressure for the rest of the year. Demand drivers and freight rates The tanker …
Tanker Shipping: Sky High Freight Rates Replaced By Reality Of Falling Global Oil Demand Read More »