Despite persistent international sanctions, Iran managed to sustain significant crude oil exports between January 2023 and March 2025, totaling approximately 268.5 million barrels. This continued export activity—entirely sourced from Iranian production…
Intertwined with the complexities of market volatility, oil and freight dynamics, unprecedented geopolitical events, rising sanctioned trades, and environmental and regulatory changes, the rapidly ageing VLCC fleet stands out as one of the consequentia…
The deeper impact of an ageing VLCC fleet Read More »
“Combined, Japanese shipowners currently own 12% of the global fleet’s deadweight tonnes capacity (DWT). This makes Japan the third largest shipowning country in the world and one of only three countries where shipowners control more than 10% of the gl…
Japan is world’s third largest shipping nation as owners control 12% of the fleet Read More »
The ongoing tariff wars and retaliations have created havoc globally, with the LNG market expecting changes in trade patterns. While the US-China trade war appears to have minimal impact on LNG shipping (at least in 2025), the repercussions will be pro…
US-China tariff war endangers LNG shipping Read More »
The IMO has adopted a framework that puts a price on carbon exceeding target levels On Friday, 11 April, the Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) agreed upon a set of mid-term measures to get t…