More newbuilding orders have been reported over the past week, despite the Holiday season. In its latest weekly report, shipbroker Allied said that ‘while the Christmas and New Year period typically signals a holiday for many, there was no such rest in…
More Newbuilding Orders Pouring into Shipyards Read More »
Perhaps a part of the shipping market which is often overlooked, ship recycling could play a critical role in the industry’s decarbonization process. So far though, it’s been far from that, with many older ships remaining in service, due to the major u…
Ship Recycling Needs to Pick Up for Shipping to Lower Emissions Read More »
The potential for yet another redrawing of the global crude tanker map and crude flows is very much on the table, after the latest Red Sea crisis, which shows no signs of de-escalation. In its latest weekly report, shipbroker Gibson said that “the end …
Tankers: New Year Brings New Challenges for Tanker Owners Read More »
S. Korea, which is one the leading importers of crude oil, has increased its demand during 2023. In a recent report, shipbroker Banchero Costa said that “2023 so far has been another positive period for crude oil trade, despite the high oil prices and …
S. Korea Crude Oil Imports Rose in 2023 Read More »
Seaborne crude oil exports from the UAE have grown significantly over the course of 2023. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade, despite the high oil prices and risks…
Tankers: UAE Crude Oil Exports Up By 15.3% Read More »