Supply/demand balance For 2025, we forecast a slight strengthening of market conditions for crude tankers and a slight weakening for product tankers. Our demand forecast for both sectors is an increase of 2.5%-3.5% in 2025 but the product tanker market…
BIMCO: Crude Tanker Shipping Market To Tighten Slightly in 2025, Products to Soften Read More »
FuelEU Maritime comes into force in January 2025 and wind propulsion is currently the only technology with a reward factor under the regulation. Vessels will be credited using such technologies by reducing the GHG intensity of energy used onboard. Evid…
Business case for wind propulsion improves as decarbonisation rules kick in Read More »
On November 25, BIMCO released its much-anticipated clause for Time Charter (T/C) Parties under the FuelEU Maritime Regulation, marking a critical step toward industry alignment with decarbonization goals. As we review the clause and engage in discussi…
OceanScore reviews BIMCO FuelEU Clause for Time Charter Parties Read More »
The share of Chinese coal imports being transported by sea have fallen sharply in the last two years, down from 93% of the total between 2015-2022 to 76% in 2023-2024 according to a new report by commodity market intelligence provider Oceanbolt, a Veso…
China eyes alternatives as seaborne coal imports lose market share Read More »
Since the start of 2015, the International Maritime Organization (IMO) has restricted vessels travelling through designated Emission Control Areas (ECA) from using fuel oil bunkers with a sulphur content of over 0.1%. The designated zones include the B…
How will Emission Control Area changes affect fuel oil demand in the Mediterranean? Read More »