“We forecast a balanced development in the crude tanker market in 2025 and 2026 while we expect the product tanker market to remain weaker than in 2024. The product tanker suffers under the weight of increasing supply growth and weaker demand growth du…
BIMCO Tanker Market Report: OPEC+ ramps up oil supply while demand growth slows Read More »
The energy transition is advancing, but not at the same pace everywhere. In 2015, just 0.7% of new cars sold were electric; by 2024, that figure had surged to 22%. Over the same period, solar’s share of global electricity generation increased sixfold. …
How the maritime industry is preparing for alternative fuel adoption Read More »
Shipping companies focused on fuel efficiency and emissions reduction may be overlooking a hidden source of cost when operating in rough seas that ClassNK researchers say can quietly erode performance, waste fuel, and damage engine components. A new te…
ClassNK closes the ‘speed gap’ fuel cost of heavy weather Read More »
Around 13,000 vessels reported their 2024 data on the EU MRV platform in compliance with the MRV guidelines. The CO2 emitted by these vessels in 2024 must be paid for by surrendering 40% EU Allowances (EUAs) for each tonne of CO2. The first due date fo…
First EU ETS shipping payment due 30 September Read More »
In today’s uncertain and turbulent geopolitical and economic environment, Robert Blades, Global Commercial Sales Manager, Peters & May, highlights the increased level of technical research, preparation, loading expertise and industry insight requir…
The Heavy-Lift Work Behind Seamless Out-of-Gauge Cargo Transport Read More »