As March draws to a close, the crude freight market is witnessing a softening momentum in VLCC MEG-China rates, juxtaposed with continued weekly growth in demand tonne days. Notably, the Aframax cross Mediterranean rates have rebounded, spurred by an a…
Aframax Dirty Tonne Days Cross Med Read More »
Analysis from Mikkel Nordberg, Veson Nautical’s Senior Shipping Economist, indicates that the advantages stemming from the expansion of renewable energy capacity may outweigh the negative effects of diminished coal demand. When considering a medi…
The MEPC 81 meeting concluded on 22nd March 2024, further clarifying the risk and opportunity both for the international shipping value chain’s commercial decision making, and for this sector’s contribution to minimise the risks of dangerous climate ch…
It has been “quite a year” for ship owners preparing for the EU Emission Trading System, according to Steve Laybourn, chartering manager at Ardmore Shipping. Describing the preparation as a “bit of a rollercoaster ride”, Laybourn urged laggards to move…
ETS: ‘Quite a year’ for ship owners Read More »
In the third week of March, there’s a noticeable improvement in sentiment surrounding VLCC MEG-China rates, offering a glimmer of optimism. However, this comes against the backdrop of tonne days growth continuing to paint a picture of decreasing …