The tanker market showed signs of strength during the month of October, OPEC said in its latest monthly report. Dirty spot freight rates rose across the board due to a strong start to the month before weakening in the second half of October amid ample …
Tankers: A Strong October Read More »
The recent political shift in the US has brought renewed focus on the evolving sanctions landscape, particularly for the maritime industry. The increasing complexity of compliance requirements, the challenges faced by industry players – especiall…
KYC more important than ever in shipping Read More »
In recent years, disruption to Red Sea shipping routes and global sanctions have forced ships to take longer routes, increasing emissions in the first half of 2024 by six per cent compared to the previous year. Already responsible for around three per …
Alternative fuels: the key to lowering shipping emissions Read More »
Chinese shipyards have attracted significantly more business during 2024. In its latest weekly report, shipbroker Xclusiv said that Chinese yards have “experienced a 17% y-o-y surge in new orders across the four main sectors (BC, Tanker, Gas, and Conta…
Chinese Shipyards Gain Even More Market Share Read More »
The potential implications of the new 2024 U.S. election and the resulting presidential administration on the freight industry are substantial, particularly across the agricultural and energy shipping sectors. If tariffs on U.S. grain exports to China …
Signal: Potential implications on the freight industry following 2024 U.S Election Read More »