EMF hosting successful Oslo shipping reception

Nor-Shipping Week celebrated PCTC vessel sales European Maritime Finance hosted a reception at its Oslo office this week to celebrate the successful sale of its first two PCTC vessels. The event coincided with Nor-Shipping, one of the leading global gatherings for the maritime industry, and brought together EMF investors, business partners, and key figures from […]

Older tonnage could lead to tighter market

Number of incidents on the rise as obsolete vessels are kept in use The increasing number of vessels over 20 years old is becoming a safety liability, with incident rates sharply rising in recent years. Older ships now account for the majority of machinery failures and onboard fires, underscoring the escalating operational risks associated with […]

OPEC+ output continues to rebound

July sees return to 1.4 million barrels per day OPEC+ has confirmed an additional production increase of 411,000 barrels per day (bpd) in July, extending the phased rollback of its voluntary cuts. Combined with earlier hikes of 960,000 bpd from April through June, a total of 1.4 million bpd is expected to return to the […]

Limited market movement this week

OPEC+ confirm further production boost in July The past week brought limited changes across shipping markets. In the tanker segment, average crude earnings softened slightly to $34,208 per day, while product tankers remained more stable. OPEC+ confirmed that it will continue unwinding its voluntary production cuts, announcing a further increase of 411,000 barrels per day […]