Industry Prepares for Acceleration Beyond 2030
Dual-fuel design underpins long-term competitiveness Shipping executives expect adoption of alternative marine fuels to accelerate after 2030 as stricter emissions rules take effect. Green ammonia is emerging as a leading pathway to deep decarbonisation, and EMF’s vessels are being built with dual-fuel engines that can be converted to run on ammonia once the fuel becomes […]
US and China clash over Russian oil
Shifting trade routes add volatility, but support tanker utilisation The US has signalled that tougher sanctions on Russia will depend on Europe cutting its reliance on Russian energy and shifting toward American exports. The US is pressing Europe to reduce Russian oil imports in favour of American supplies, a shift that could redirect trade flows […]
India set to overtake China in oil demand growth
Near-term impact: Longer voyages and diversified flows Recent forecasts from OPEC+ and Trafigura suggest India’s oil demand growth will outpace China’s as early as in 2025, supported by industrialisation, urbanisation, and rising vehicle ownership. In the near term, this shift is likely to increase long-haul crude shipments from the US, Middle East, and West Africa […]
Floating storage demand signals short-term boost
Inventories push buyers offshore Global oil inventories are forecast to rise sharply in the coming quarters, with the US Energy Information Administration projecting builds of 2.3m barrels per day. If onshore capacity tightens, buyers may again turn to ships for floating storage, echoing dynamics last seen in 2020. At that time, up to 11% of […]
Notable optimism heading into Q4
Tankers: Strong momentum in crude segments Crude tanker markets continued to strengthen, with VLCC earnings rising 36% week-on-week to a two-year high of USD 82,200/day, driven by robust volumes and a tightening tonnage list. Suezmax and Aframax segments also showed resilience, supported by firmer sentiment in the Atlantic basin. Crude markets continue to underpin optimism […]
