The clean tanker market is expected to face a series of changes, as refining capacity is expected to shift. In its latest weekly report, shipbroker Gibson said that “total global refining capacity has been in an upwards trend for a long time, and years…
Product Tankers and Refining Growth Read More »
New orders declined sharply in the first few months of 2025, reaching historically low levels, as shipowners avoid long-term investment decisions. The subdued ordering activity will persist until at least October 2025, with only a gradual recovery anti…
Newbuilding orders plunge amid regulatory and geopolitical uncertainty Read More »
Capesize The Capesize market enjoyed a strong upward trajectory this week, driven by consistent gains in the Pacific and mounting support in both South Brazil and the North Atlantic. The BCI 5TC rose steadily from $19,071 on Monday to $23,572 by week’s…
Dry Bulk Market: Capesizes Show Strong Growth Read More »
The U.S. Interior Department approved a plan by Signal Peak Energy to expand coal mining, providing exports for Japan and South Korea, the agency said on Friday, as it responded to President Donald Trump’s energy emergency directives. The approva…
Trump administration approves coal mine expansion to boost Asia exports Read More »
The seaborne coal trade has been falling so far in 2025, with Indonesia, the world’s leading exporter, being no exception to the trend. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Apr 2025, global seaborne coal loadings dec…
Seaborne Coal Trade Retreated So Far in 2025 Read More »