Tag: Growth
Clean energy growth gives ammonia and methanol export trades the green light
The role of alternative fuels in powering the low-carbon economy will dramatically increase volumes of renewable ammonia, outstripping growing volumes of renewable methanol. In a new Foresight article, Maritime Strategies International predicts that the next 25 years are likely to see ammonia trade transformed with clean ammonia providing new demand for close to 400 very…
Capesize tonne days growth from Brazil to China reaches new high, surpassing last year’s growth
The third week of October witnessed robust Capesize Brazil to China freight rates, as indicated in the chart above. Furthermore, the demand in tonne days exhibited a noteworthy surge in recent days. Nevertheless, the recent uptick in the number of ballasters presents a downward pressure to the latest recovery signs. On Monday, the price of…
Russia: Dark Fleet Shows 8% Growth in Q3
Windward’s Risk Insights report is a quarterly update on all risk at sea, offering an overview of any emerging behavioral trends in developing hubs prone to illicit activity. The report analyzes the behavior of tankers and cargo vessels from the world fleet, and takes a close look at those specifically associated with sanctioned regimes, in…
VLCC Tonne days growth from AG to China has decreased to the lowest level since the end of 2022
During the first week of October, the VLCC MEG China rates experienced a downward revision, amid hopes of a recovery. Looking at the demand, growth rates are still significantly lower than what they were the previous year leading to a negative sentiment in the crude freight market. Moreover, there are concerns about oil demand as…
Dry Bulk Market: Panamaxes Show Strong Growth Momentum
Capesize The week in the Cape market has shown a mix of activity in both the Pacific and Atlantic regions. In the Pacific, the week began positively with two major players active in the market, contributing to a slight uptick in rates. Increased coal enquiries provided overall market support. However, as the week progressed, conditions…
Continued downward pressure with a significant decline in VLCC demand growth rates
The second week of September maintains its grip on the crude oil freight market’s sentiments, as VLCC rates have yet to display the anticipated rebound. The struggle persists in the VLCC MEG-China rates, leaving industry observers closely monitoring the demand dynamics of the Chinese economy as we approach the end of September. Illustrated in the…
Product Tankers: What’s the Next Growth Story?
A new growth story is needed in the product tanker market, as ship owners reassess the next source of demand for the years to come. In its latest weekly report, shipbroker Gibson said that “for product tankers, much of the past decade’s investment was focused on changing dynamics in the global refining scene. In short,…
