Capesize The Capesize market had little cheer this week as rates subsided throughout the week, albeit on the back of reasonable fixing activity. The Capesize 5TC now stands at $9,305 – a decrease of 3502 week on week. The Atlantic region, particu…
Dry Bulk Market: Capesizes Face Further Pressure Read More »
The global freight industry is facing both downwards (regulatory) and upwards (consumer) pressure to reduce its carbon emissions. We take a look at some of these pressures in this briefing and consider what their impact may be. Downwards pressure: Two …
Emissions Regulations In Shipping – Will The Polluter Pay? Read More »
The tanker market improved considerably, during the month of October, OPEC said in its latest monthly report. Very Large Crude Carrier (VLCC) rates continued moving higher in October, with gains seen on all major routes. Spot VLCC rates on the Middle E…
Tankers Moved to Higher Ground During October Read More »
From 1 January 2023 vessels must start collecting data for the reporting of their annual operational carbon intensity indicator (CII) and CII rating, and at first survey after this time, verification of the calculated attained Energy Efficiency Existin…
MARPOL changes to tackle carbon emissions now in force Read More »
Oil demand growth is expected to slow to 1.6 million barrels per day (bpd) in 2023, down from the 2.1 million bpd anticipated for 2022, according to the International Energy Agency (IEA). Making the predictions in its seminal World Energy Outlook 2022,…
Economic headwinds’ stunt oil demand Read More »