Top Stories.

The global seaborne crude oil market grew during the first quarter of 2024, but this wasn’t the case with the Arabian Gulf. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade, despite the high oil prices and risks of economic recession. In Jan-Dec 2023, ... […]

The International Energy Agency’s (IEA) latest Oil Market Report paints a surprising picture for the future of oil. While global oil demand is expected to notch up some growth in 2024 and 2025, the pace of that increase is slowing dramatically, hinting at a potential peak in consumption sometime this decade. This marks a significant ... […]

Like so many industries, the intermodal transportation sector runs on data. Clear, accurate and up-to-date information informs the strategies and business decisions of terminal operators and port authorities. The digital age gives us different methods to gather and track this data, including direct data feeds and data scraping. Data scraping involves extracting information from websites ... […]

Ship owners have been quite active in the newbuilding market for yet another week. In its latest weekly report, shipbroker Banchero Costa said that “active and dynamic market, shipbuilders are experiencing very strong demand and the increasing number of orders place them in a situation where they carefully consider who to award the available slots ... […]

We expect the supply/demand balance to strengthen in 2024 and weaken in 2025. Supply is estimated to grow by 2-3% in 2024 and 1.5-2.5% in 2025, while demand is projected to grow by 2.5-3.5% in 2024 and stagnate in 2025. Overall, conditions in the dry bulk market should stay strong in 2024 but could begin ... […]

Booking the best cargo or the best vessel at the best possible rate is at the heart of the chartering and nominations functions. And yet, the ‘best’ decision can change—sometimes from hour to hour. Missing information can delay decision making and impact cargo or vessel availability in ways that are more than inconvenient—leading to significant ... […]

Older ships’ decommissioning is being negatively affected by the persisting supply chain disruptions. In its latest weekly report, Best Oasis (www.best-oasis.com), one of the leading cash buyers of ships globally, said that “Dubai recently experienced unprecedented flash floods, causing significant disruptions and challenges for the city known for its robust infrastructure and meticulous urban planning. ... […]

Carbon Capture and Storage (CCS), a promising decarbonization method, requires a value chain for CO2 transport and storage to serve estimated future demands. DNV’s Mathias Sørhaug surveys the status, challenges and opportunities of CO2 shipping within the CCS value chain featuring key insights from energy company Equinor and Athens-based shipowner and mid-stream service company ECOLOG. ... […]

Supply chains face constant disruptions like the Baltimore bridge collapse. Despite challenges, logistics adapt, seen in rerouting around the Red Sea disruptions. Political risks and regulatory uncertainties persist, impacting global trade. Investments in resilience, reshoring, and tech adoption rise amid declining inventories and supplier diversification. Supply chains face constant disruptions like the Baltimore bridge collapse. ... […]

The tanker market is bound to be further impacted by the escalation of the Middle East tensions. In its latest weekly report, shipbroker Xclusiv said that “news of an Israeli strike on Iranian territory, potentially escalating tensions in the Middle East, sent shockwaves through global markets. Geopolitical uncertainties loom large, capable of swiftly altering the ... […]