The recent IEA report forecasting a decline in oil demand by the end of this decade has raised concerns regarding the outlook of the product tanker market. This fall is mainly driven by a shift towards electric vehicles and more efficient engines, affe…
Product Tanker market to rebalance in response to contracting oil demand Read More »
The International Energy Agency’s (IEA) Oil 2024 report outlines a period of significant transformation for the global oil market through to 2030. While oil has historically fuelled economic growth, the report predicts a slowdown in demand growth…
The coming transformation of oil markets Read More »
The introduction of the EU’s Emissions Trading System (ETS) into shipping has brought significant changes, deeply impacting financial operations, day-to-day management and commercial transactions. Frontline, a global leader in tankers, explains how DNV…
Driving efficiency and trust: DNV’s Emissions Connect in the new EU ETS landscape Read More »
The European Union Emissions Trading System (EU ETS) stands as a cornerstone in the global endeavour to mitigate climate change, and its extension to the maritime sector earlier this year has already begun to accelerate the shift towards greener shippi…
This week’s data highlights a declining trend in VLCC tonne days growth (left chart), coinciding with weakening AG-China freight market rates throughout June and a reduction in tonne day growth from the AG to China. This weaker outlook was also d…
VLCC Dirty tonne days Read More »