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Tanker Newbuilding Activity in 2023 Focused on Aframax/LR2 Ships December 3, 2023
Tanker ordering has picked up this year, however it seems that supply will remain low, compared to demand. In its latest weekly report, shipbroker Gibson said that “2023 has seen a notable increase in new tanker ordering activity and as the year slowly draws to its end, it is perhaps time to reflect on where […]
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Dry Bulk Market: Capesize Market on a Roll December 3, 2023
Capesize This week has been exceptional for the capesize market, consistently gaining traction. The Pacific market kicked off the week with strong momentum, with all the major players from West Australia to China actively participating. The Atlantic witnessed a notable uptick, prompting owners to favour ballasting towards this region. The positive sentiment in the Atlantic […]
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EU ETS carbon emissions regulations – a sea-change for ocean freight shipping or a toothless tiger? December 3, 2023
One of the major talking points in ocean freight shipping is the introduction of EU ETS carbon emissions regulations in 2024. Is this a sign of the industry getting serious about its environmental responsibilities or another initiative which is full of good intentions but ultimately lacking any bite? Is now the right time for shippers […]
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