The surge in COVID-19 cases in the past few days took a toll on stocks of tanker shipping companies and key US market indices. Dow Jones Industrial Average (DJIA) and Nasdaq slid 1,816 points (6.4%) and 543 points (4.7%) respectively between 23 October…
Does volatility in Baltic TCE rates drive tanker shipping stocks? Read More »
The year 2020 has been one of unexpected change and it has been no different for the maritime space. On January 1, the International Maritime Organization (IMO) started enforcing a new regulation (IMO 2020) that caps the allowable sulfur content of all…
Waves Of Change: Assessing The Potential Impact Of A Carbon Levy On Shipping Costs Read More »
On Monday 2 November – it will be 500 days since the last VLCC left active service when it went on its final journey from Jeddah to Bangladesh for dismantling. Strong crude oil tanker market earnings from August 2019 through July 2020 have evaporated a…
500 days since last VLCC demolition sale Read More »
In March and April 2020, reduced demand for crude oil and petroleum products in response to COVID-19 mitigation efforts led to a sharp increase in global crude oil inventories. As onshore inventories increased, market participants turned to using oil t…
Crude oil tanker rates are likely to remain low until global petroleum demand increases Read More »
The goal of reducing sulfur dioxide emissions from marine fuels is part of the overall effort to combat climate change internationally and is framed by the United Nations Convention and the subsequent Kyoto Protocol. The Kyoto Protocol, which entered i…