In its latest monthly report, OPEC commented on the tanker market, that during June, crude oil tanker market sentiment strengthened slightly as average spot freight rates increased on most reported routes, albeit at varying levels. On average, dirty ta…
Tankers: Slight Improvement in Market Sentiment During June Read More »
While the world is struggling to live up to its commitment to limit climate emissions, new data indicate that climate change may be more severe and occur more rapidly than anticipated earlier. The IMO is looking for ways to make shipping climate-neutra…
Towards Zero Emissions: Environmental Outlook Read More »
US President Trump criticized OPEC for the recent rise in fuel prices, citing that the US pays for defense for many of the groups’ members and therefore, OPEC should make an effort to increase crude supply to pressure global pricing. Additionally, Iran…
A Potential Monumental Shift Read More »
There has been a structural increase in LNG import demand into China. There was a gradual increase in demand from the start of 2016 through the middle of 2017. From 2017 through to the present the contribution of global ton mile demand coming from Chin…
Chinese Emphasis on Cleaner Air Driving More LNG Ton Mile Demand Read More »
The ships’ demolition activity has began to feel the weather effects of the Southeast Asia. In its latest weekly note, Clarkson Platou Hellas commented that “as the monsoon rains begin to slow productivity down in the Indian sub-continent, a refl…
Demolition Activity Slows Down On Monsoon Rains Read More »