News

At least two blacklisted tankers carrying 1.4 million barrels of Russian crude are tracked at anchor outside the port of Mundra, India, in the first signs that fresh Western sanctions on Rosneft and Lukoil are curbing exports. Sierra Leone-flagged Kusto (IMO 9308833) and Ailana (IMO 9232888) have been waiting since October 30 and October 25 …

The EU Commission’s new Sustainable Transport Investment Plan (STIP), published on 5th November, represents a major milestone for the methane decarbonisation pathway. The Plan explicitly recognises LNG, bio-methane and e-methane within the clean-fuel mix, noting that ‘LNG, with effective methane-slip mitigation technologies, can also reduce GHG emissions,’ and the trend of ‘ocean-going ships moving towards …

The tanker and oil markets are expected to face a different landscape, as a result of the latest policy choices by the US presidency. In its latest weekly report, shipbroker Gibson said that “Trump’s second presidency started with a strong push to change US environmental policy. Right at the start, the president put in motion …

“While we support the IMO in getting these vital regulations right, the vote to delay the Net-Zero Framework for a year will make progress more challenging. If global regulatory development breaks down further and the delay extends beyond 12-months, instead of one global framework, shipping could face a potential patchwork of regional emissions schemes with …

Capesize The Capesize market recorded a notable improvement this week, with momentum building steadily across both basins. After a slow start on Monday, activity gathered pace from Tuesday onward as improved demand and a tightening tonnage list drove gains throughout the week. In the Pacific, sentiment recovered gradually, initially muted before strong miner demand midweek …

Crude oil exports from Brazil are fast becoming a significant factor in the tanker market. In its latest weekly report, shipbroker Banchero Costa said that “after a modest upturn in 2024, when global crude oil loadings increased by +0.8% y-o-y, things got quieter in 2025. In Jan-Sep 2025, global crude oil loadings increased by +0.6% …

Structural Market Shifts, Not Just Barrels, Powering the Dirty Rally ‍ Crude freight markets are experiencing a surge, which available data suggests is not solely attributable to extended voyages or an oversupply of crude. Elevated tonne-days versus lower tonne-miles reveal a market constrained by structural inefficiencies, including vessel rerouting, compliance delays, and sanction-related reshuffling, which …

The prevailing positive sentiment within the dry bulk market may lead to misguided optimism in 2026 and beyond, according to a Clarksons analysis. At last month’s Baltic Dry FFA Forum in Geneva, Louisa Follis, director and head of dry cargo analysis at Clarksons, intentionally addressed dry bulk supply dynamics ahead of her demand analysis to …

The dry bulk segment could be one of the major beneficiaries of the trade truce between the US and China. In its latest weekly report, shipbroker Xlcusiv said that “Washington and Beijing have hit the pause button. After six bruising months of tariff trench warfare, Trump and Xi agreed to a one-year truce that suspends …

“Following US-China trade negotiations, China has committed to resume imports of US soya beans. The country has agreed to purchase 12m tonnes during the rest of 2025 and 25m tonnes per year during the next three years, similar to 2024 volumes. If these commitments are met, US soya bean shipments are expected to surge in …