Latest News
Latest News
The latest energy, maritime and bunker industry news worldwide.
Keeping You Informed
Tankers: Is Mexican and Canadian Crude Oil in Peril from Trump’s Tariffs?
A potential tariff threat could be looming for over 4.5 mbd of crude oil entering the US from Mexico and Canada. In its latest weekly report, shipbroker Gibson said that
Dry Bulk Market: Capesize Market Faces Headwinds
Capesize The Capesize market experienced a turbulent week, marked by a mix of sporadic positivity and mounting downward pressure. The BCI 5TC started the week at $21,673, gained ground midweek,
Another tariff curveball from Trump – this is how shippers can prepare for a chaotic and unpredictable 2025
Donald Trump’s announcement on Monday of an additional 10% tariff on all China imports and 25% from Canada and Mexico is a warning to shippers over the unpredictability and chaos
Tankers: China’s Crude Oil Imports Slightly Lower This Year
Crude oil imports have been growing this year, albeit at a smaller rate than 2023, with China, the world’s leading importer, slowing down its demand. In its latest weekly report,
Dry Weekly Market Monitor: Capesize Market
This week’s highlight delves into the evolving dynamics of Capesize ballasters in the South Atlantic and West Australian markets. Notably, the C3 Tubarão-to-Qingdao route has yet to experience a rate
A new era of trade uncertainty
Moody’s latest Global Macro Outlook 2025-2026 paints a sobering picture of the global economy. While the short-term outlook appears stable, the long-term trajectory is uncertain, primarily driven by potential shifts
Dry Bulk Shipping: Second Hand Prices Reach Year-to-date Highs
In its latest weekly report, shipbroker Xclusiv said that “as we approach the end of 2024, we observe that dry bulk prices have increased significantly this year, reaching their year-to-date
BIMCO: Crude Tanker Shipping Market To Tighten Slightly in 2025, Products to Soften
Supply/demand balance For 2025, we forecast a slight strengthening of market conditions for crude tankers and a slight weakening for product tankers. Our demand forecast for both sectors is an
Prokopiou-backed Pure Energy Signs $1.1 Billion Sale and Leaseback Deal
Watson Farley & Williams (“WFW”) advised CMB Financial Leasing Co., Ltd. (“CMBFL”) on the US$1.1bn sale and leaseback of five 200,000m3 LNG carriers with Pure Energy Limited (“Pure Energy”), which