Kazakh exports boost tanker market
Rates remain solid as key Black Sea oil terminals are set to reopen The tanker market remains firm, supported by gains in the Suezmax and Aframax segments, as Russian courts cleared the full reopening of key Black Sea oil terminals. Following the earlier shutdown of two loading points, the resumption of oil exports from Kazakhstan […]
Modest March activity, but rates remain healthy
Chinese car sales booming as US tariffs loom Unlike the more dynamic movements seen in the tanker and LPG markets, the PCTC segment remained relatively quiet throughout March — something that’s not unusual for this sector, which tends to be more stable by nature. 2025 off to quiet but healthy startWhile time charter rates have […]
LPG market rebounds firmly after slow start
Bright future beckons for ammonia as shipping fuel March brought steady progress across the LPG and ammonia segments, with clear signals that longer-term fundamentals – particularly for ammonia – continue to strengthen. LPG: Recovery underwayThe VLGC market recovered this month, with spot rates climbing back to around $40,000 per day -up from softer levels earlier in […]
March – a lucrative month for the tanker market
Outlook for Q2 remains positive The crude tanker market continued to strengthen throughout March, underpinned by a tightening pool of compliant vessels, shifting trade flows, and solid underlying demand. Spot earnings climbed steadily across key segments, with Suezmax and Aframax tankers leading the way. Kazakh crude expansions boost Suezmax segment …Mid-sized crude tankers have seen […]
Eastbound Canadian crude lifts Aframax market
US oil tariffs driving trade toward longer routes Aframax earnings continue to climb – this time driven by a sharp shift in Canadian crude exports. Recent US tariffs on Canadian oil have redirected barrels away from the US Gulf and toward Europe, with buyers in the UK and Netherlands stepping in to secure alternative supply. […]
Shrinking compliant tanker fleet
Market strengthens as sanctions take effect We’re now seeing the positive effects of a market dynamic we’ve been observing for some time: the shrinking pool of compliant tankers. As sanctions continue to divide the global fleet into two categories – compliant and non-compliant (which includes both shadow and sanctioned vessels) – the number of ships […]
Market Snapshot: Tankers stay firm
Demand for Canadian crude oil driving transatlantic trade The tanker market remains strong this week, with rates ticking higher – driven primarily by gains in the Aframax segment. This strength is linked to increased demand for Canadian crude heading east to Europe, as Aframaxes take on a growing share of these transatlantic and regional trades (Read […]
Suezmax rates at highest level in a year
Short supply keeps pushing rates skywards Suezmax tankers are seeing strong earnings again, with rates in the Mediterranean reaching $63,000 per day – the highest in over 12 months. The key driver? A sharp increase in crude oil shipments from Kazakhstan via the Black Sea. Major Tengiz expansion boosts tanker demand.Recent expansions at the Tengiz […]
Ammonia momentum gaining ground
Tomorrow’s fuel – today’s investment object Ammonia continues to gain ground as a preferred zero-carbon fuel, with two major developments this week highlighting growing confidence in the segment. Firstly, six major Japanese companies – including shipping heavyweight MOL – have signed an agreement with India’s ACME Group to explore investment in a large-scale green ammonia […]
Crude market remains strong, hitting a 2025 high
Kazakh exports boost current rates surge The crude tanker market is holding firm, with average weighted earnings now at $35,000 per day – a 14% increase week-on-week and the highest level since June 2024. The upswing is supported by a strong VLCC sentiment, a surge in Kazakh crude exports via the Black Sea benefiting the Suezmax […]
