Tag: Seaborne
More and more shippers take action on seaborne GHG emissions
Strong growth for Maersk ECO Delivery Ocean product in 2023. Over 200 customers saved more than 680,000 tons of GHG emissions. Retail, lifestyle, automotive and FMCG companies are the pioneers. Shippers are increasingly taking action to eliminate greenhouse gas (GHG) emissions from their logistics. The latest numbers of Maersk’s ECO Delivery Ocean product are a…
EU is Now the Largest Seaborne Importer of Crude Oil
The tanker market has benefited from the fact that the EU is now established as the single largest importer of crude oil by sea. In its latest weekly report, shipbroker Banchero Costa said that “2023 so far has been another positive period for crude oil trade, despite the high oil prices and risks of economic…
Russian Seaborne Crude Oil Export Volumes Fall 16% M/M And May Fall Further
Russian seaborne crude oil export volumes have remained strong and grew 13% y/y in 2022 despite the invasion of Ukraine. However, after a 4% m/m fall in June, volumes fell another 16% m/m in July, and the Russian administration has announced export cuts for August. An even more important factor for the crude tanker market…
