Before the Ukraine war, Russia had a diverse oil export market, supplying crude to Europe, China, and other regions without major restrictions. However, Western sanctions in response to Russia’s invasion of Ukraine in 2022 reshaped global oil trade dyn…
Tanker Weekly Market Monitor: Russian Oil Flows Read More »
Supply/demand balance In our base scenario, we forecast a slight tightening of the crude tanker market in 2025 followed by a weakening in 2026. Our forecast indicates weakening of the product tanker market during both years. We now assume that ships wi…
BIMCO: Tanker Shipping’s Outlook Obscured By Geopolitical Uncertainties Read More »
For small and medium-sized shipowners operating fleets of 4 to 12 vessels, running a successful shipping business today requires more than just managing daily operations. Freight market volatility, rising insurance costs, regulatory changes, and operat…
International efforts to curb greenhouse gas (GHG) emissions from shipping took a step forward as the IMO’s Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 18) concluded its latest round of discussions. The IMOR…
IMO progresses talks on greenhouse gas reduction from shipping Read More »
Following a week of intensive greenhouse gas (GHG) negotiations at the UN International Maritime Organization (IMO), Guy Platten, Secretary General of the International Chamber of Shipping (ICS), emphasised the need for urgent progress ahead of the cri…