Category: News
March 29, 2025
News
Gibson Tanker Analysis
The Gibson tanker report titled “Power Shift” highlights a significant slowdown in global oil demand growth for 2024. The growth…
March 29, 2025
News
HSFO: Cash Differentials Decline Amidst Reduced Trading Activity
The cash differentials for high sulphur fuel oil (HSFO) in Asia saw a decline as there were no transactions at…
March 29, 2025
News
VHBS Week 13 Assessment Index for New ConTex Container Ship Time Charters
The VHBS New ConTex Container Ship Time Charter Assessment Index for Week 13 indicates a steady state in the chartering…
March 29, 2025
News
Drewry Reports 4% Decline in World Container Index Last Week
Drewry has reported a 4% decline in the World Container Index, bringing it down to $2,168 per 40-foot container for…
March 29, 2025
News
US Port Fees Expected to Impact Two-Thirds of Tanker Fleet Operations
The recently proposed US port fees may significantly impact a vast majority of the tanker fleet, especially those linked to…
March 29, 2025
News
Musk Claims $1 Trillion in US Spending Cuts Feasible Without Reducing Essential Services
Elon Musk, the tech billionaire recently appointed by former President Donald Trump as his cost-cutting czar, made headlines during a…
March 29, 2025
News
Tanker Weekly Update: Canadian Crude Exports to Europe Rise Amid U.S. Tariffs and Freight Rate Increase
The latest developments in the tanker market indicate a significant rise in Canadian crude oil exports to Europe, influenced by…
March 29, 2025
News
Shipping Industry Confronts Rising Operational Costs and Disruptions in Shipping Routes
The shipping industry is currently grappling with increased operational costs and route disruptions, largely influenced by geopolitical tensions and rising…
March 26, 2025
News
Eurozone PMI Shows Improvement as Potential New US Tariffs Loom Ahead
As the potential for new tariffs from the United States looms, businesses within the eurozone are exhibiting a slight shift…
March 26, 2025
News
Global Energy Demand Soars in 2024, Reaching Nearly Double Its Recent Average Levels
In 2024, global energy demand surged at nearly double its recent average pace, driven by a significant rise in electricity…