Australia writes new chapter for green ammonia
Two more milestones for sustainable shipping On 10 June 2025, two landmark agreements established a clear path towards low-carbon maritime operations. First, an agreement was signed to construct an offshore carbon capture and storage facility in Pilbara, Australia. This facility will capture and store 900,000 tons of CO₂ each year from the planned ammonia plant. […]
US set to reduce car carrier port fees
Car Carrier owners set to pay much less in US port fees Car carrier operators and owners are likely to benefit from a major reduction in US port fees. The US Trade Representative has proposed changing the fee structure from $150 per car unit to $14 per tonne. According to Clarksons, a typical 6,500-ceu vessel […]
Bright expectations despite typically quiet June market
Strong Aframax/Suezmax performance bucks the trend The tanker market has shown mixed trends this week, particularly with Aframaxes and Suezmaxes holding steady, while the largest crude carriers, the VLCCs, have experienced declining earnings. Historically, this time of year marks a low for the tanker market due to seasonality, characterised by limited activity and increased refinery […]
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 […]
Trafigura in landmark ammonia Vessel Order
Trading giant orders four gas carriers, committing to green marine fuel Global trading giant Trafigura has placed an order for four dual-fuel, ammonia-capable gas carriers, signalling growing momentum behind ammonia as a future marine fuel. The vessels will be built by HD Hyundai Mipo and are scheduled for delivery starting in 2028. Industry heavyweights turning […]
Tanker market holds firm – product tankers take the lead
Strength building in key segments – tough week for other sectors The tanker market experienced mixed developments over the past week. In the crude segment, limited activity led to a slight easing in rates, with average earnings now around USD 38,000/day. However, with OPEC+ set to increase output in the near term, we expect this […]
Tanker market optimism gains traction
Industry experts foresee upsides as more oil enters market The current optimistic outlook for the tanker market is now being emphasised by leading industry experts. With more oil expected to enter the market, a tight vessel balance due to sanctions, and an ageing fleet, these conditions indicate potential upside risk going forward – factors we […]
