The International Maritime Organization (IMO) recently hosted the 83rd meeting with the Marine Environmental Protection Committee (MEPC 83), resulting in a new fuel intensity target, which is set to come into force no later than March 2027. This new re…
Three Key Impacts of the IMO’s New Fuel Intensity Target on S&P Activity Read More »
Despite persistent international sanctions, Iran managed to sustain significant crude oil exports between January 2023 and March 2025, totaling approximately 268.5 million barrels. This continued export activity—entirely sourced from Iranian production…
The shipping industry is having to navigate a “minefield” of trade and geopolitical tensions these days, in an era when protectionist policies are at the forefront. In its latest weekly report, shipbroker Xclusiv said that “the U.S. Trade Representativ…
Shipping: When the Unthinkable Happens Read More »
Intertwined with the complexities of market volatility, oil and freight dynamics, unprecedented geopolitical events, rising sanctioned trades, and environmental and regulatory changes, the rapidly ageing VLCC fleet stands out as one of the consequentia…
The deeper impact of an ageing VLCC fleet Read More »
“Combined, Japanese shipowners currently own 12% of the global fleet’s deadweight tonnes capacity (DWT). This makes Japan the third largest shipowning country in the world and one of only three countries where shipowners control more than 10% of the gl…
Japan is world’s third largest shipping nation as owners control 12% of the fleet Read More »