The tanker market has entered a new reality after last week’s new round of sanctions against Russian entities. In its latest weekly report, shipbroker Gibson said that “on Friday 10th January, the United States sanctioned Gazprom Neft and Surgutneftega…
Tankers Facing a New Reality Read More »
Capesize The Capesize market experienced a mixed week, beginning strongly before losing ground as the days progressed. Monday saw the BCI 5TC rise to $13,391, driven by a pickup in Pacific activity and tightening tonnage in the North Atlantic. The Paci…
Shipping: Dry Bulk Market Losing Momentum Read More »
The two main legislative developments in the EU which will have an impact for many in the industry in the year to come are: the expansion of the EU ETS and the introduction of the FUEM. EU ETS From January 2025, the scope of the EU ETS will expand furt…
A new year ahead for shipping – environmental and regulatory compliance Read More »
Australian coal exports to China soared during 2024, helping sustain solid freight demand. In a recent report, shipbroker Banchero Costa said that “in Jan-Dec 2024, global seaborne coal loadings increased by +2.4% yo-y to 1,371.8 mln t (excluding cabot…
Dry Bulk Shipping: Australia’s Coal Exports to China Soared by 51.4% in 2024 Read More »
A significant surge in orders for alternative-fuelled vessels in 2024 is a clear signal of the maritime industry’s acceleration of its decarbonisation journey, according to the latest data from DNV’s Alternative Fuels Insights (AFI) platform. A total o…
Positivity on increasing orders for alternative-fuelled ships Read More »