IMO introduces daily carbon fees

New net-zero regulations aimed at older vessels – modern ships will benefit The IMO has introduced new regulations to achieve net-zero emissions for global shipping. These rules will have a direct financial impact on older, less efficient, and therefore more carbon-intensive vessels. Under the new agreement, by 2028, all ships over 5,000 GT – including […]

Another major OPEC+ production increase

Rates may spike as vessel availability tightens This week, OPEC+ announced a further increase in oil production of 411,000 barrels per day (bpd), effective from June onwards. This follows a similar rise in May. With a total supply boost of 960,000 bpd between April and June, the group has now reversed about 44% of its […]

Tanker rates ease as activity drops

LPG and PCTC remain steady – US incentives underway This week, tanker rates experienced broad-based downward pressure, with average weighted earnings falling 8% week-on-week to USD 32,585/day. The decline is primarily driven by reduced fixing activity across both the crude and product segments. For context, a modern scrubber-fitted Suezmax is currently earning around USD 52,000/day, down […]