Rates for shipping containers from east Asia and China to both US coasts continued to plummet this week as softening demand amid persistent inflation, fears of a recession and an extremely early peak season have opened up capacity, which is weighing on rates. Rates to...

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The increasing needs of crude oil imports into the EU, sourced from different markets to the Russian one, is bringing producers like Guyana to the foray. This development is already proving to offer a boost in specific tanker classes, like Suezmaxes and VLCCs. In its...

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The International Maritime Organization is shining a spotlight on the role of emerging technologies to support a green transition of the maritime sector into a sustainable future. During the World Maritime Day 2022, on 29 September, celebrations will focus on the...

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Executive SummaryThe European Commission proposed to include maritime shipping in its Emissions Trading System (ETS) in July 2021. The two European ‘co-legislators’, the European Parliament and the EU Council, approved the proposal, putting forward their own positions...

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Clean Freight levels in the Middle East Gulf continued to tumble this week. TC1 shed 30 points to end up at WS240 however the round trip TCE has held over the $50,000 per day. Likewise for voyage west on an LR2, TC20 dropped from $5,400,000 to $4,650,000 following a...

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