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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
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
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Dry cargo
Indian coal import growth proves elusive
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Dry cargo
US grain effect
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Tanker
Oman’s Duqm refinery loads first ULSD cargo
September 20
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European diesel imports from East of Suez surge
September 20
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India to remove cabotage rule to encourage coastal shipping
September 20
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China's crude imports and product exports increase in August
September 12
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Mexico’s Olmeca refinery produces its first gasoline
September 12
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Storm hits Libyan oil exports
September 12
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Oil workers shut Nigerian terminal to protest
September 12
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Refineries in Russia cut runs in early September due to refinery maintenance
September 12
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India crude imports decrease in August
September 08
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Bulgaria and Czech Republic prepare to stop Russian crude imports
September 08
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