Supply/demand balance For crude tankers, we forecast that the supply/demand balance will tighten further during both 2024 and 2025. Low fleet growth, along with increasing sailing distances, create the foundation for the improvement despite a slowing o…
BIMCO: Tanker Market strengthens despite slowing oil demand growth Read More »
The Aframax dirty tonne days experienced a significant surge in growth starting from mid-January, particularly in the route from the Mediterranean to the Baltic/Black Sea. By the end of February, the freight market sentiment once again showed weakness …
Aframax dirty tonne days from Med/UK Continent to the Baltic / Black Sea Read More »
Technological innovation drives the maritime industry forward, improving safety and propelling decarbonization. However, many new technologies face challenges in aligning with existing regulations. DNV’s Technology Qualification process bridges this ga…
Technology Qualification: Facilitating maritime innovation Read More »
High freight rates and robust global demand for oil and its derivatives are putting tanker owners in a great mood and consequently, after a notable uptick in 2023, the surge in tanker newbuild activity shows no signs of abating in 2024. A confluence of…
Urgent need for newbuild tanker orders Read More »
In the final days of February, the VLCC MEG-China route attracted market attention as rates appeared to peak suddenly in mid-February before subsequently retracting to weaker levels. It remains uncertain whether the month’s end will bring about a…
Suezmax dirty tonne days from AG to Med/UK Continent Read More »