The tanker market softened during the course of the past month, OPEC said in its latest monthly report. Developments in sanctions and tariffs have kept spot freight rates trading close to the five-year average, although below the robust levels seen in …
Tanker Market Softened Last Month Read More »
The International Maritime Organization (IMO) recently hosted the 83rd meeting with the Marine Environmental Protection Committee (MEPC 83), resulting in a new fuel intensity target, which is set to come into force no later than March 2027. This new re…
Three Key Impacts of the IMO’s New Fuel Intensity Target on S&P Activity Read More »
Despite persistent international sanctions, Iran managed to sustain significant crude oil exports between January 2023 and March 2025, totaling approximately 268.5 million barrels. This continued export activity—entirely sourced from Iranian production…
The shipping industry is having to navigate a “minefield” of trade and geopolitical tensions these days, in an era when protectionist policies are at the forefront. In its latest weekly report, shipbroker Xclusiv said that “the U.S. Trade Representativ…
Shipping: When the Unthinkable Happens Read More »
Intertwined with the complexities of market volatility, oil and freight dynamics, unprecedented geopolitical events, rising sanctioned trades, and environmental and regulatory changes, the rapidly ageing VLCC fleet stands out as one of the consequentia…
The deeper impact of an ageing VLCC fleet Read More »