Solid week for VLGC market
Solid week for VLGC market Optimism over further rates increases throughout January The latest week has been a good, if quiet period for the VLGC market with current average spot market rates at more than $40.000 /d. The Western market has been bolstered bycharterers and a thinning tonnage list, resulting in increased earnings. Overall, the […]
Crude oil freight rates go through the roof on new sanctions
OFAC sanctions send tanker demand soaring Nearly 10% of global tanker fleet blacklisted – remaining market set to benefit The Office of Foreign Assets Control (OFAC) has added further vessels transporting Iranian and Russian oil above the price cap to its sanctions list, raising the total to 400 — nearly 10% of the global tanker […]
U.S. sanctions cause tanker rates to spike
U.S. sanctions cause tanker rates to spike 2025 kicks off with forceful momentum Tanker rates have surged this week, largely due to the immediate impact of OFAC (The Office of Foreign Assets Control) sanctions on the physical tanker trade. The United Statesrecently sanctioned more than 180 vessels — mainly tankers — and some Chinese and […]
European Maritime Finance (EMF) Names Two PCTC Vessels, Each Capable of Carrying 7,000 Cars, in Partnership with CIMC Raffles
Yantai, China, January 16th 2025 CIMC Raffles and European Maritime Finance (EMF) celebrate the name giving of EMF’s latest two PCTC vessels, each capable of carrying 7,000 cars with long term partner Atlas Maritime. The ceremony was held at the CIMC Raffles Yard. The purpose of a name giving is a public celebration, solemn blessings and […]
