The recovery of the global oil tanker market will be slow and gradual. We have forecast this many times during 2020, as the COVID-19 pandemic wreaked havoc on past, present and future oil consumption. On 8 December, the U.S. Energy Information Administ…
Product tanker stocks have climbed in the last month (23 October to 25 November) mainly driven by a rally in the global equity markets and seasonal strengthening of product tanker freight rates. DMFR product tanker index rose 16.9% since 30 October, wh…
Rally in product tanker stocks to be short-lived Read More »
VLSFO prices have risen by $75/ton in just 30 days; the previous talk about a Covid-19 vaccine and a corresponding sharp rise in oil prices has now become a reality. In the past few weeks, we have had the very big news of 3 successful Covid-19 vaccine …
We have known it all along; the bigger the bunker fuel consumption of the ship, the more likely it is that shipowners will choose an SOx scrubber as the tool to comply with the IMO 2020 sulphur cap. Whiles only three Handysize bulkers in total have bee…
47% Of All Newbuilt Dry Bulkers Delivered In 2020 Are Fitted With A Scrubber Read More »
Although the shipping industry is only at the start of a unprecedented investment program around fleet renewal ($1 trillion of newbuild orders this decade?) and shoreside infrastructure to deal with emissions reduction, this week’s Analysis features ex…
Fuelling Transition: Tracking Technology Uptake Read More »