The EU is again the largest importer of crude oil by sea. As a result, the reshaping of the crude oil trades and the ban on Russian oil, is expected to play a major role in the future of the tanker freight markets moving forward. In its latest weekly r…
EU Market The Largest in the World for Seaborne Crude Oil Imports Read More »
Newbuilding orders have continued to move higher, with more and more owners looking to add modern and more efficient tonnage to their fleet. In its latest weekly report, shipbroker Allied Shipbroking said that “newbuilding market activity was kept at f…
The ship demolition market appears to be in disarray, with prices collapsing. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “the recycling market has taken a disastrous turn for the worse this week on the back of a disti…
Demolition Market in Disarray Read More »
With Russian crude banned from EU, it’s already evident that BRICS members are bound to make up the bulk of Russia’s energy exports in the near future. In its latest weekly report, shipbroker Gibson said that “in response to Western sanctions, Presiden…
Tankers: Ton/Mile Demand Expected to Increase Read More »
In a clear sign of the turbulent times we’re experiencing, coal imports have began making their way into Europe with more cargoes entering the EU market. It’s a response to the scramble to offset the losses of Russian gas. In its latest weekly report, …
Dry Bulk Market: Coal Imports Making Their Way Into Europe Read More »