The tanker market could be headed for a stronger second half of the year, after a less-than-ideal start to the year. In its latest weekly report, shipbroker Gibson said that “the crude tanker market experienced a disappointingly weak first quarter, with the anticipated strong winter market failing to materialize. However, the market showed signs of …
Tankers: Disappointing First Quarter, But Tailwinds Ahead? Read More »
Capesize The Capesize market gained notable momentum this week following a slow start largely due to Monday’s UK bank holiday. The Pacific basin was particularly active, supported by solid cargo flow from the miners and a tightening tonnage list, which pushed C5 rates up from $8.25 to $8.85 by week’s end. The Atlantic, especially the …
Dry Bulk Market: Capesize Market Gains Strength Read More »
The MPV market is navigating through choppy waters, driven by a convergence of global short-term shocks and long-term structural transformations. The assessment categorises market risks to understand how they may influence the sector’s future outlook and strategic decisions. Short-term risks 1. Geopolitical tensions The current geopolitical landscape poses immediate threats to trade flows and route …
Potential risks to the MPV market Read More »
US crude oil exports have been impacted by the tariff wars, as volumes retreated during the first four months of 2025. In its latest weekly report, shipbroker Banchero Costa said that “after a positive 2023, when global crude oil loadings increased by +5% y-o-y, things got quieter in 2024. In Jan-Dec 2024, global crude oil …
Tankers: US Crude Oil Exports Further Down in 2025 Read More »
Europe witnessed a 10% increase in crude oil imports in May 2025, likely due to refineries completing maintenance ahead of schedule, boosting crude demand. This period also saw a notable change in import origins, with a decrease in volumes from the United States. Crude imports from West Africa, especially Nigeria, are estimated to have surged …
The international steel market is experiencing a period of upheaval, as escalating excess capacity and market-distorting policies continue to reshape global trade flows. The May 2025 OECD Steel Outlook 2025 report casts the trade stresses in a sobering light, highlighting a surge in exports driven by surplus production and intensification of trade disputes. The report …
Excess steel capacity fuels trade tensions Read More »
Newbuilding ordering activity has been rather active in the container shipping market, with bulkers being the main focus of the second hand market. In its latest weekly report, shipbroker Banchero Costa said that “in the Container sector Chinese builder Huangpu Wenchong contracted an order for 4 x 2,700 teu containerships from Ningbo Ocean Shipping. The …
More Newbuilding Orders for Container Ships, as Dry Bulkers Dominate Second Hand Market Read More »
With the recent implementation on 1st May 2025, of a new Emission Control Area (ECA) in the Mediterranean Sea, the question arises, will we see an increase in demand for marine gas oils/distillates? If so, will a higher demand result in a lower quality product? This article looks to address current marine distillate quality and …
Distillate Fuels: The “Trouble-Free” Marine Fuel? Read More »
The decision of the U.S. Court of International Trade to deem Trump’s sweeping tariffs as unlawful is good news for shippers – but it could signal the beginning of the next era of confusion in global supply chains. Insight from Emily Stausbøll, Xeneta Senior Shipping Analyst: “The court decision to deem the sweeping tariffs unlawful …
The ship recycling markets are entering a transitionary stage. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “as the clock ticks down to the enforcement of the Hong Kong Convention, the global ship recycling market stands at a crossroads marked by hesitation, minimal activity, and growing regulatory …
Ship Recycling Activity at a Crossroads Read More »
