Venezuela is not a binary, open-or-closed sanctions story. Trade responds to restrictions, but it also responds to waivers, licences and commercial incentives. For anyone shipping, financing or screening Venezuelan cargoes, the question is no longer on…
Venezuela’s oil trade reopened. The risk moved to the vessel Read More »
A number of newbuilding orders were reported over the past week. In its latest weekly report, shipbroker Banchero Costa commented that “newbuilding activity this week was broad-based, with significant contracting across the container, tanker, bulk carr…
Shipping: More Newbuilding Contracting This Week Read More »
Shipping is responsible for around 10% of EU ETS emissions but pays almost 20% of the ETS bill. Unlike other sectors, it has never received free allowances. The new Sustainable Maritime Alternative Propulsion (SMAP) mechanism is a chance to reinvest pa…
At the end of September, a 15-year-old VLCC was valued above a newbuilding for the first time at USD 139.2 mil for 310,000 DWT, compared to USD 138.7 mil for newbuilding vessels. The move is part of a wider inversion of the age curve; a five-year-old V…
Secondhand VLCCs Now Valued Above Newbuildings Read More »
The El Niño impact on shipping is one to consider, when considering potential 2027 freight disruptions. In its latest weekly report, shipbroker Intermodal said that “with El Niño now established and forecasters pointing to a strong event, the question …
Shipping: The El Niño Effect Read More »