2022 saw a record boom in crude and product tanker freight rates. Geopolitical tensions between Russia and Ukraine reshaped the macroeconomic scene and we entered a new era of changed seaborne oil trade flows. December 5, 2022, was the day the new era …
Crude Tanker Market Ends 2022 on a High Read More »
LNG values have continued to strengthen, spurred by skyrocketing earnings that have surpassed last year’s record breaking peaks. In November, LNG rates peaked at a record high of 466,524 USD/Day from the Baltic Exchange BLNG1g assessment, pushing up LN…
An Overview of the LNG Market Read More »
How the maritime industry is tackling the issue of becoming greener, two industry experts offer their insights on alternative fuels and decarbonisation in shipping. Decarbonisation is fast approaching. All industries are having to adapt and maritime is…
The ‘fourth propulsion revolution’ and preparing for a green maritime industry Read More »
What a difference a year makes! At the end of 2021, container ships were enjoying a historically strong market and freight and time charter rates had yet to peak. At the same time, dry bulk ships were seeing multi-year high rates slipping away, althoug…
Tankers end 2022 with 78% time charter contribution margin and best 2023 outlook Read More »
Just as there is no easy route to decarbonisation, there is no straightforward way of balancing a shipowner’s obligation to comply with the MARPOL Carbon Intensity Indicator (“CII”) Regulations with a time charterer’s right to direct the employment of …
BIMCO CII Clause for Time Charters – The dust begins to settle Read More »