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VLCC Tankers on the Rise Last Week

28/04/2025

Clean

LR2

MEG LR2’s improved modestly this week. The TC1 75kt MEG/Japan index ticked up from WS117.22 to WS126.67 and a TC20 90kt MEG/UK-Continent held flat around the $3.5m.

West of Suez, Mediterranean/East LR2’s remained sedate with the TC15 index dipping $35,000 to

Panama Canal levels up

28/04/2025

With higher water levels, improved transit conditions and a forward-looking strategy, the Panama Canal is making a strong recovery from the worst drought in its 143-year history.

Alexei Oduber square
Nearly two years have passed since the Panama Canal Authority cut

ETF’s First Response to IMO’s Climate Agreement: What Net-Zero Means for Maritime and Ports

28/04/2025

In April 2025, the IMO adopted a global carbon pricing mechanism for shipping, to take effect in 2028, with a

Eco-friendly Demand and Geopolitical Shifts Fuel Shipbuilding Boom in South Korea

28/04/2025

South Korea’s shipbuilding industry is experiencing a resurgence, with companies like HD Korea Shipbuilding & Offshore Engineering and Samsung Heavy

Training for alternative fuels

28/04/2025

The large-scale rollout of the Train-the-Trainer Programme on Alternative Fuels for Sustainable Shipping, led by the International Maritime Organization (IMO),

NORDEN raises full-year guidance 2025

28/04/2025

On the back of the increased gains from sales of vessels and good operational performance, NORDEN upgrades the 2025 full-year

R2mc Deploys Eco Patch Technology at Sea

28/04/2025

R2mc Technologies is entering the marine propulsion market after success in motorsports and heavy-duty transport, with a new patented Eco

Three Key Impacts of the IMO’s New Fuel Intensity Target on S&P Activity

26/04/2025
The International Maritime Organization (IMO) recently hosted the 83rd meeting with the Marine Environmental Protection Committee (MEPC 83), resulting

Tanker – Weekly Market Monitor: Iran’s Resilient Oil Exports and Emerging Pressures in 2025

26/04/2025
Despite persistent international sanctions, Iran managed to sustain significant crude oil exports between January 2023 and March 2025, totaling

Cashew Nut Shell Liquid – Biofuel Saviour or Concerning Contaminant?

26/04/2025

Cashew Nut Shell Liquid – Background

As demand grows from all modes of transportation for low-to-zero carbon fuels, to support efforts in complying and achieving numerous environmental legislation leading to global decarbonisation, many alternative fuel sources are being considered. One of

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