Capesize Positive sentiment was observed across both the Atlantic and Pacific basins throughout the week, with the exception of a brief pause on Thursday. The Capesize timecharter average closed at $25,457 on Friday, marking a gain of $1,944 week-on-we…
Dry Bulk Market: Capesizes Move to Higher Ground Read More »
Rystad Energy’s latest analysis reveals a growing threat to global energy security as the world’s five most critical maritime chokepoints, narrow sea routes that handle the bulk of global oil and gas transit, face escalating risks from conflict, piracy…
Chokepoints under pressure: The fragile lifelines of global energy Read More »
In an age defined by ultra-fast digital transformation, the global trade landscape remains anchored in a bygone era of paper. Despite the acknowledged benefits of going digital, international trade continues to depend heavily on paper-based documents a…
Shipping’s outdated paper chase Read More »
This week, the spotlight is on the evolving monthly volumes of dirty oil flows, specifically the increasing trend from Saudi Arabia to China. In August, Saudi crude shipments to China surged by 19% year-on-year, exceeding 50 million barrels. This marks…
Tanker Weekly Market Monitor: Dirty Oil Flows to China Read More »
“Between January and August, product tanker newbuilding contracting dropped 86% y/y to 2.6 million deadweight tonnes (DWT) representing a nine-year low,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. The development marks a stark reversal fr…
Product tanker newbuilding contracting drops 86% to nine-year low Read More »