The Wider European refining landscape is under pressure. Margins have suffered due to high volumes of middle distillates arriving from the Wider Arabian Sea, plus robust diesel imports from the US and Russia. In the export market, PADD 1’s demand for E…
LR2s poised to benefit from structural change to Europe’s clean tanker market Read More »
The expansion of Canada’s Trans Mountain Pipeline (TMX) is set to reshape the North American oil landscape, which of course will have a significant impact on the tanker market. In its latest weekly report, shipbroker Intermodal said that “the rec…
Tanker Trade: The Impact of Canada’s Trans Mountain Pipeline Read More »
Orders of new container vessels are up by ~52% year-on-year with 254 new contracts placed in 2024, compared to 167 in the corresponding period of 2023 according to a new report by VesselsValue, the data intelligence arm of maritime data and freight man…
Container vessel orders up by over 50% in 2024 Read More »
The US East Coast port strike only lasted for three days, yet the ripple effects from the strike will be felt until mid-November. The resultant pile-up of vessels with cargo to be handled was mainly taken care of within the first three weeks of the str…
FBX Index October 2024: On track for a new early peak Read More »
Hot of the heels of the recent proxy war, Seanergy Maritime’s Stamatis Tsantanis highlights the company’s plans moving forward. In an exclusive interview with Hellenic Shipping News Worldwide (www.hellenicshippingnews.com), Mr. Tsantanis talks about th…