The tanker market is expected to face a series of shifts and changes in trade flows over the course of the next few months. At the same time though, the economic impact of the war in Ukraine is expected to take effect and impact demand for crude as wel…
Tanker Market in Changing Tides Read More »
Capesize The Capesize market softened this week as global market concern’s kept the headwinds coming. The softening of values was felt across all Capesize 5TC routes as the index lowered throughout the week by -4609 to $19,665. Friday saw a slight upti…
Dry Bulk Market: Capesizes Soften This Week Read More »
MEPC 78 was the first of three meetings to work on, among other things, the production of a final draft Revised IMO GHG Strategy. The meeting was not planned as a key decision-making point for agreement/adoption of any of the items under IMO’s Reductio…
Momentum builds for IMO’s future: Stronger ambition and an equitable transition Read More »
Seaborne iron ore trade has retreated by 2% so far in the first four months of 2022, as Chinese demand hasn’t been as strong. In a recent weekly report, shipbroker Banchero Costa noted that “global iron ore loadings in the full 12 months of 2021 were u…
Seaborne Iron Ore Trade Down In First Four Months of 2022, as China’s Demand Retreats Read More »
Following the conclusion of this week’s meeting of the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC 78), the International Chamber of Shipping (ICS), representing 80% of the world’s merchant fleet, has relea…