Türkiye’s crude oil imports fell by a further 16.4% during 2024, continuing the downward trend of 2023. In its latest weekly report, shipbroker Banchero Costa said that “after a positive 2023, when global crude oil loadings increased by +4.6% y-o-y, th…
Tankers: Türkiye Crude Oil Exports Fell Further in 2024 Read More »
The fourth week of February brought a downward correction in the sharp rise of VLCC AG-China rates, which had surged following the announcement of U.S. sanctions on Russian crude oil destined for China and other Asian markets. The geopolitical shock on…
VLCC AG & Aframax Mediterranean Vessel Count & Market Rates Read More »
In 2025, the twin pressures of environmental regulations and evolving geopolitical landscapes will shape the shipping industry’s trajectory, according to legal experts. Two key EU legislative developments will significantly impact the industry in…
New year of challenges and opportunities for shipping Read More »
The global shipping fleet has aged even further as 2025 is now a reality. In its latest weekly report, shipbroker Xclusiv said that “turning into 2025, vessels have added one year to their age, significantly altering the current discussion around fleet…
Global Shipping Fleet Ageing Further Read More »
The FuelEU Maritime regulation provides shipping operators with various compliance options to meet the required GHG intensity of ships over 5,000 GT transporting cargo or passengers in the EU or EEA. A new DNV white paper comprehensively analyses a set…
Strategies for navigating FuelEU Maritime compliance Read More »