Tanker
The Big Picture
MR freight outlook
At the height of COVID in late 2020, building a new MR at a Korean yard would cost around $32m. Today it is $46m. A modern second-hand unit could be bought for around $26m.
Today it is $42m. Chartering a modern MR for one year would have cost $14.5k/day. Today, $29k/day. Even the three-year rate has risen from $16k/day to $24.5k/day over the period.
Container
Challenging outlook
Marginal recovery expected H2 2025
October 20
Container
Demand update
Negative trade growth in 2023
September 14
Container
Fleet update
Intra-Asia & Asia Europe lead NB deployment
September 07
Dry cargo
Steel sector signals in China
September 07
Dry cargo
Indian coal import growth proves elusive
August 31
Tanker
China increases 2023 fuel oil import quotas by 3 million mt
November 30
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Tanker
Middle East diesel/gasoil exports to Europe fall, Europe increases supplies from US
November 30
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Tanker
Storm disrupts Russia’s Black Sea exports
November 30
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Tanker
OPEC+ delay upcoming meeting, resulting in oil price decline
November 23
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Tanker
Panama Canal congestions alters CPP flows into West Coast Americas
November 23
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Tanker
Canada faces export bottlenecks as crude output increases
November 23
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Tanker
IEA and OPEC both slightly upgrade 2023 oil demand outlook
November 16
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Tanker
The US has set a date for Venezuela to meet terms of sanctions
November 16
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Tanker
US and UK clamp down on Russian price cap trade
November 16
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Tanker
US records highest oil production month in history
November 16
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