The tanker market showed mixed results during the past month, OPEC said in its latest monthly report. Dirty tanker spot freight rates showed mixed movement in September. VLCC spot freight rates surged as increasing outflows from the Middle East worked …
Tanker Market: Mixed Performance During September Read More »
In its Maritime Risk Barometer Report for 2024/2025, the International Chamber of Shipping (ICS) identified cyber attacks as one of the top four high level risks to maritime operations. The global shipping industry’s increasing reliance on digital infr…
Global maritime industry continues to address cyber risk Read More »
The world economy has successfully avoided the initial, catastrophic blow from the recent surge in trade protectionism, yet the long-term outlook remains “insufficiently bright”, according to the latest World Economic Outlook report from the Inte…
Global trade’s tightrope walk Read More »
Ship recycling is exhibiting signs of divergence across the major markets. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market remains very weak, with prices declining daily and no s…
Ship Recycling Market’s Divergent Performance Read More »
Baltic Exchange has launched a series of new Aframax tanker benchmarks, TD28 and TD29, in response to shifting global trade dynamics, escalating geopolitical tensions, and a dramatic surge in Canadian crude exports to Asia. The new assessments are also…