Tag: increase
Decarbonization efforts will lead to a net increase of 237 Bn ton-miles, predicts Veson Nautical
Analysis from Mikkel Nordberg, Veson Nautical’s Senior Shipping Economist, indicates that the advantages stemming from the expansion of renewable energy capacity may outweigh the negative effects of diminished coal demand. When considering a medium-term timeframe spanning from 2023 to 2026, Mr. Nordberg’s estimations project that decarbonization efforts could result in a net increase of 26…
Higher freight rates despite the increase in the volume of ballast ships as demand gradually rises
As September began, freight rates continued to remain firm, as recorded at the end of the summer season. However, the Capesize segment remained under downward pressure. On the other hand, the Panamax and Handysize vessel freight rates showed an upturn. Despite this recent firmness, there are still uncertainties regarding the stability of the market, given…
Tankers: Russian Crude Oil Exports via the Northern Sea Route Are Expected to Increase in the Future
Russia’s crude oil export routes are in a state of constant flux, as the exporter is shifting volumes to other clients/countries, China being one of the main ones. As such, the importance of alternative and more cost-effective routes is increasing. In its latest weekly report, shipbroker Gibson said that “voyages through the Northern Sea Route…
Strong Chinese demand drives 7% y/y increase in minor ore exports
“Driven by continued growth in minor ore demand in China, global seaborne minor ore exports rose 7% y/y in the first seven months of 2023, vastly outpacing the 2% y/y growth in overall dry bulk exports,” says Filipe Gouveia, Shipping Analyst at BIMCO. Accounting for 51% of seaborne minor ore exports, bauxite exports also led…
