Page 82 - Intelligence Limited News Today

This year will see a modest improvement in fortunes for global trade. But geopolitical pressures will mean changing patterns and slower growth

Mass flow meters are mandatory for all bunker deliveries in Singapore, while Rotterdam and Antwerp-Bruges will make them mandatory in 2026

The African nation employs a UAE-based private company to run the registry, with 98% of all tonnage with Gabon now engaged in sanctioned oil trading

After a softer period in December, earnings for very large crude carriers have surged. Rates have been buoyed by increased spot activity in the US Gulf that has stretched vessel availability in the Atlantic Basin, Jefferies says

Sino-Russian boxships continue using Red Sea despite Houthi threat | Dark fleet safe haven Gabon flags 18 Sovcomflot tankers after US imposes sanctions | Limited trade rebound in 2024 ahead of a decade of fragmentation

The Chinese charterer’s decreased market share stems primarily from the VLCC segment, where some other major players have stepped up their activity

After two bumpy years, the fall in volume growth may now be levelling off. But despite current events in the Red Sea, capacity concerns remain in play

The major South Korean yard continues to suffer from the aggressive bids it made to win new orders when it was under DSME

Iran trading fleet grows by 100 ships, tanker freight rates via Red Sea routes rise as transits decline, Shanghai’s container growth rebounds in 2023 and ship recycling volumes in 2023 lowest since 2007

Demand from this year’s pre-Chinese New Year mini-boom appears to be not as strong as expected. Concerns have arisen that there will not be enough cargo to fill the current high-priced vessel slots, despite constrained capacity supply