Africa has been a perennial laggard, when it comes to refining capacity and hence a viable market for oil products. In its latest weekly report, shipbroker Gibson said that “the history of African refining is chequered, to say the least. Of the many re…
Can Africa Become An Oil Products’ Exporter? Read More »
Capesize The market experienced a mixed week, with the Pacific providing the main source of volatility while the Atlantic remained comparatively steady, albeit lacking consistent momentum. The Pacific initially came under pressure before recovering thr…
Dry Bulk Market: Capesize Steadying After Recent Gains Read More »
The International Maritime Organization’s (IMO) proposed Net-Zero Framework (NZF) represents an ambitious international effort to decarbonize the maritime sector. The initiative establishes a target of achieving net-zero greenhouse gas (GHG) emis…
The tanker market rose during August, OPEC said in its latest monthly report. Dirty tanker spot freight rates were stronger in August, led by gains in VLCC rates. Spot freight rates for VLCC rose, m-o-m, across all monitored routes, recovering from the…
Tanker Market: Rates on the Rise During August Read More »
The International Maritime Organisation’s 22nd Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 22) closed in London on September 4 with negotiators signalling renewed momentum towards a final agreement on the organisatio…
Fresh momentum for Net-Zero Framework gains Read More »