Increasing environmental scrutiny and rising unpredictability pose a great risk to steam carriers. We expect several carriers to be scrapped much faster than expected earlier. Demolitions rose in 2024 as charter rates slumped, especially for steam carr…
The tanker market rose during the month of February, OPEC said in its latest monthly report. Dirty spot freight rates showed gains across almost all monitored routes in February. VLCC rates in particular rose as a fresh round of sanctions resulted in e…
Tanker Market on the Rise During February Read More »
Any regulatory developments focussed on reducing GHG emissions from shipping would increase global demand for low emissions fuels such as ammonia, methanol and hydrogen. Passage and implementation of these IMO regulations would also therefore bolster t…
The maritime industry is grappling with the intricacies of FuelEU Maritime, a regulatory landscape that has proven far more complex than its predecessor, the EU Emissions Trading System (ETS). Speaking at the Baltic Exchange Tanker & Gas Market Ins…
FuelEU: A complex beast compared to ETS Read More »
Greek shipping is particularly exposed to Chinese-built vessels and could be impacted if the US moves ahead with its proposal to impose tariffs on all Chinese-built ships entering its ports. In its latest weekly report, shipbroker Xclusiv said that “la…
Greek Shipping’s Exposure to Chinese Shipbuilding Read More »