A slump in methanol demand is forcing the US to push more methanol cargoes to Asia and Europe. Therefore, we expect freight rates for coated MR2 tankers to improve on these routes. The coronavirus (COVID-19) pandemic has hit the global economy harder t…
Dip in demand: US to push methanol cargoes towards Asia and Europe Read More »
The key factors that are worth considering when buying bunker fuel are quality, availability and price. Excluding quality, availability and the relative price paid generally tend to correlate with the lead time, which is the difference between the enqu…
Getting the bunkering lead time right is more important than ever Read More »
US gasoline imports have dropped well below the 2015-2019 average, despite the kick-off of the peak gasoline season. The US driving season, which ranges from Memorial Day (the last Monday in May) to Labor Day (the first Monday in September), represents…
US gasoline imports 40% below 5-year average heading into driving season Read More »
The European Commission has published the first annual report on CO2 emissions from maritime transport. The report analyses the CO2 emissions and energy efficiency information of all the ships over 5,000 gross tonnage, which performed maritime transpor…
Commission publishes first annual EU report on CO2 emissions from maritime transport Read More »
Geopolitical tensions have now eased, leaving freight rates to feel the full effects of the weak underlying market and falling demand. Tanker shipping looks set to be under pressure for the rest of the year. Demand drivers and freight rates The tanker …
Tanker Shipping: Sky High Freight Rates Replaced By Reality Of Falling Global Oil Demand Read More »