China’s recent decision to grant additional crude oil import quota to refiners is bound to have an impact on the tanker market. In its latest weekly report, shipbroker Intermodal said that “China’s decision to grant an additional crude oil import quota…
Tankers: The China Factor in Full Effect Read More »
LNG freight prices have been trending lower this year as strong fleet growth outpaced liquefaction capacity additions. 52 newbuild carriers joined the fleet year to date, nearly double the number of deliveries in the same period last year. In contrast,…
Do higher fuel prices lead to greener shipping behaviour? Energy efficiency and decarbonisation Many policy-makers in the European Union (EU) and the International Maritime Organization (IMO) argue that the higher prices that result from emissions pricin…
The price sensitivity of efficiency in shipping Read More »
A potential tariff threat could be looming for over 4.5 mbd of crude oil entering the US from Mexico and Canada. In its latest weekly report, shipbroker Gibson said that “President-elect Donald Trump has announced that he will implement a 25% tariff on…
Tankers: Is Mexican and Canadian Crude Oil in Peril from Trump’s Tariffs? Read More »
Capesize The Capesize market experienced a turbulent week, marked by a mix of sporadic positivity and mounting downward pressure. The BCI 5TC started the week at $21,673, gained ground midweek, peaking at $23,049 on Tuesday, but plunged to $17,686 by F…
Dry Bulk Market: Capesize Market Faces Headwinds Read More »