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Asia’s economies are intimately linked to global maritime trade. Cargo vessels sailing from the ports of Northeast Asia’s export giants supply the consumers of North America and Europe, while much of Asia’s energy and natural resources arrive by sea. A…

Crude tanker shipping stocks have been trending upwards from the start of February, which has led to an 18.2% YTD gain in the Drewry crude tanker index. The index comprehensively outperformed the three key US market indices – while Dow Jones Industrial…

The number of zero emission pilots and demonstration projects for the maritime industry now totals 106, up 38% over six months. And according to mapping produced by the Getting to Zero Coalition, there is a marked increase on hydrogen-based fuels in th…

There are currently around 30 tankers above 25,000 dwt waiting to cross the Suez Canal. We expect most vessels in ballast will decide to wait until the situation clarifies and, if fixed on a charter party, will likely get cancelled by charterers throug…

Bunkering demand holds up relatively well While oil demand was significantly hit last year as a result of the Covid-19 pandemic, bunkering demand held up relatively well. IEA numbers show that bunkering fuel demand is estimated to have fallen by around…