By matching the movement of ships to the changes in clouds caused by their emissions, researchers have shown how strongly the two are connected. When ships burn fossil fuels, they release airborne particles containing various naturally occurring chemic…
Satellite tracking shows how ships affect clouds, climate and sulphur emissions Read More »
Global crude steel production posted its first drop in more than three years in September, reflecting a global economic slowdown. The World Steel Association counted 151.5m tonnes of production for the 64 countries that report to it last month, a 0.3% …
Steel production dip Read More »
Capesize The Capesize market meandered slightly upwards this week before giving back much of its gains mid-week. Opening the week at $24,945, the Capesize market closed the week down at $24,637. The Atlantic Basin saw stronger gains initially as many s…
Dry Bulk Market: Capesize Market Slightly Higher Read More »
The EU’s demand for palm-based biodiesel is expected to decrease in the long term due to the region’s ban on the use of palm oil in biofuels. The overall volume of biodiesel carried by chemical tankers grew at a CAGR of 7.9% during 2013-18 and is forec…
EU ban on palm-based biodiesel to negatively impact Europe-Asia vegoil trade Read More »
For the first time since January 2016, the VV value of a resale VLCC has gone above $100m ($101.36m as of GMT 0936 1st Nov 2019). The last time we saw these levels was between May 2014 –and Oct 2015. Before this it was during the super cycle of 2007/20…
Resale VLCCs Break $100m for First Time in 3 Years Read More »