Imagine a container vessel capable of more-than doubling the amount of work normally performed by a ship of its size, yet with zero emissions. Such a vessel would likely gain massive market share very quickly and have a drastic effect on market dynamic…
Shipping’s nuclear option in the move towards net zero: Is it viable? Read More »
The Red Sea shipping crisis — a result of Houthi rebel attacks on cargo ships and tankers — is causing hundreds of vessels to avoid the Suez Canal, one of the world’s most important waterways. Instead, these vessels are being forced to reroute around s…
What are the impacts of the Red Sea shipping crisis? Read More »
In the second week of February, the sentiment surrounding crude oil freight rates remained unstable. VLCC MEG-China rates showed signs of gathering strength, indicating a firmer momentum. Conversely, in the clean segment, LR2 MEG-Japan rates displayed …
Further to our previous articles on the EU’s Emission Trading System (ETS), shipping companies have now been informed which Administering Authority they will have to deal with when surrendering their EU emission allowances (EUAs). On 31 January 2024, a…
EU ETS: Shipping companies now know who to deal with Read More »
The conclusion of January presents an intriguing perspective on freight rates for LR2 clean product tankers, with recent rate spikes expected to persist into February due to heightened concerns in the Red Sea, influencing cargo deviations. A thorough a…