How Black Sea escalation fuels new pressure on the Russia-Ukraine war

Increases in maritime war-risk insurance and intensified naval attacks deepen the conflict’s global economic and security fallout Recent strikes by Black Sea maritime forces have triggered a dramatic spike in war-risk premiums for ships and tankers operating in the region. Within the past month, insurance costs for vessels calling at Black Sea ports have nearly […]

Crude tankers strengthen as clean-to-dirty switching tightens supply

Record crossover activity and longer haul trade patterns reinforce a constructive crude tanker outlook The crude tanker market has built sustained strength in recent weeks, supported by one of the most significant clean-to-dirty shifts seen in recent years. In November alone, thirty-three product tankers moved into crude trades as spot earnings for crude tonnage surged […]

Strength in Aframax and VLGC segments anchors shipping markets

Elevated risk premiums on Russian trades, steady PCTC rates, and improving VLGC sentiment Tanker: Aframax strength uplifts tanker segmentIt was another strong week for tankers, even though the overall average eased slightly due to setbacks in the VL and Suezmax markets. VLCC rates declined as delays in China slowed vessel resupply, creating port congestion. Suezmax […]