The global tanker fleet is ageing, with almost one third of it already over 16 years old. In its latest weekly report, shipbroker Xclusiv said that “the tanker market closes 2025 with a degree of structural tightness that cannot be captured simply by l…
Global Tanker Fleet Ageing Fast Read More »
“Assuming a significant increase in recycling of older ships and a reduction in average sailing speeds, we forecast that average market conditions in 2026 will be like those in 2025 but 2027 could see slightly weaker market conditions. We forecas…
Return to Suez Canal routings looms large over market outlook Read More »
As discussed in previous articles and reports, one of the defining drivers of the LR2 market in H2 2025 has been the transition from clean to dirty trading. Recent data show that this trend remains firmly in place as more than 50 additional LR2s are cu…
LR2s in the dirty market: how long will the shift last? Read More »
The ship recycling markets have remained weak over the past few days. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that in India, “the market softened during the week, with values continuing to face …
Ship Demolition Markets Still Weak Read More »
From Monitoring to Intervention The dark fleet – tankers engaging in dark activities while moving sanctioned oil, cycling through false flags, and obscuring ownership – has continued to expand, reaching more than 1,900 vessels by the end of Q3. Governm…
The Dark Fleet Is No Longer Invisible: What the Venezuela Tanker Seizure Signals Read More »