VLCC orderbook remains tight with limited new deliveries through 2025, unlike mid-size segments. Rising refinery throughput in the Middle East, West Africa, Brazil, and Canada is boosting long-haul VLCC demand. VLCCs maintain a...

Hanwha Group announced a $5 billion infrastructure program to expand Hanwha Philly Shipyard under South Korea’s broader $150 billion U.S. shipbuilding initiative. The company’s U.S. subsidiary placed orders for 10 MR oil and...

Sudan’s Bashayer terminal exports about 170,000 b/d of Dar and Nile Blend crude, with the UAE historically the top buyer at 44%. Much of the crude has been processed in Fujairah refineries, though...

Austal Limited has signed a Strategic Shipbuilding Agreement (SSA) with the Commonwealth of Australia, officially appointing Austal Defence Shipbuilding Australia as the strategic shipbuilder for Tier 2 surface combatants. The agreement provides a...

Germany will officially commence commercial operations at its second LNG import terminal in Wilhelmshaven on August 29, strengthening energy security and supply diversification. The terminal, supported by the floating storage and regasification unit...

Qingdao Port is strengthening its role as a key hub for multilateral trade under the China-SCO Local Economic and Trade Cooperation Demonstration Area (SCODA). Container transport on routes to Central Asia, India, Pakistan,...

Shipping and logistics, responsible for nearly 10% of global greenhouse gas emissions, are facing immediate pressure to decarbonise, driven by regulation, customer demand, and financial scrutiny. The industry is transitioning from heavy fuel...

Shipping serves as the fundamental backbone of the global economy, moving nearly 90% of all international trade by volume. It is the most cost-effective and reliable way to transport goods, from raw materials to...

On the C5 front, we see miners and operators alike out seeking mid-September dates. Volumes out of other fronts of the Pacific have held up fairly well. Capesize In the Capesize market, both miners and operators...

After having been on an upward trajectory in the week gone by, the Baltic Index shed a bit across the board, although probably more down to lack of reported deals than anything else. VLCC  The market...