Escalating attacks disrupt Black Sea flows and renew caution in the Red Sea

Strikes on energy infrastructure and uncertainty in key trade lanes keep global shipping risk elevated Security pressures have intensified across major corridors. In the Black Sea, recent drone strikes on tankers and the CPC export system have reduced loading capacity and introduced fresh uncertainty around regional oil flows. With CPC representing a significant share of […]

Elevated tanker markets – firmer gas carriers

Market strength builds across multiple segments as global trade patterns and corporate strategies continue to evolve Tanker: Market remains elevatedThe tanker market remains strong, despite average crude tanker earnings slightly decreasing by 2% week-on-week. VLCC rates remain elevated despite a minor softening. The Aframax segment saw strong performance. Looking ahead, both the Suexmax and Aframax […]

Sanctions, peace talks and shifting revenue pressures

Oil prices are steady as investors weigh hopes for Ukraine peace talks and a US Fed rate cut Oil prices steadied on Monday after a three percent drop last week as markets assessed two major variables that could reshape supply expectations. Investors continue to watch the prospect of a US rate cut, while also following […]

Geopolitics drive new trade patterns

Sanctions, rerouting and resilient illicit flows shape year-end demand India’s shift away from Russian crude tightens the marketNew US sanctions on Rosneft and Lukoil are prompting Indian refiners to scale back Russian imports, tightening compliant tanker availability and lifting earnings. Floating crude stocks rose sharply in October as cargoes were rerouted, and India is now […]

Another strong week for tankers supported by high outflows from the Middle East

Momentum in China and India set to bolster PCTC market Tanker: Continued market gains this weekVLCC rates continued to experience gains, reaching a 5-year high last week. Suezmax rates also remain strong, followed by the product segment, which now also experience increased earnings. Crude markets are being shaped more by fears of oversupply and emerging […]

Everllence introduces ammonia engines to global maritime industry

EMF attended Everrlence launch; maritime industry discusses decarbonization Everllence, formerly MAN Energy Solutions, the company behind the engines in EMF’s three VLAC’s, announced the launch of its new ammonia dual-fuel engine in Copenhagen last week, marking a major step toward zero carbon propulsion in the maritime sector. EMF attended the event, which brought together industry […]

Russia/Ukraine conflict: Market implications intensify

Refinery attacks, port disruptions and LNG shifts reinforce strong tanker conditions Ukraine has claimed a strike on Rosneft’s Ryazan refinery, one of Russia’s largest processing sites, with explosions and fire reported at the facility. This follows the recent attack on Novorossiysk, which briefly halted crude loadings at Russia’s main Black Sea export hub before operations […]

Another strong week for tankers – vehicle market holding steady

Trading decreases due to Bahri Week Tanker: Average earnings close to $100k per day markVL earnings reached a five-year high last week at an average of $128,000 per day, supporting another strong week across the tanker market. The strength in the VL segment lifted overall tanker earnings to an average of $97,000 per day. Suezmax […]

Rotterdam positions itself for clean fuel leadership

Europe’s largest port moves closer to commercial ammonia bunkering Rotterdam, Europe’s largest port, is taking a leading role in the maritime energy transition, moving closer to commercial ammonia bunkering following a successful pilot earlier this year. The development marks a major step toward establishing a full-scale clean fuel supply chain for global shipping. Large-scale ammonia […]

Strongest year in a decade

Firm demand, realigned trade flows, and record freight rates continue to define the tanker market in 2025 US inventories and output revisionsIn the United States, crude inventories rose by 5.2 million barrels this week, notably above expectations, while gasoline stocks declined. Newly revised data confirmed that US oil output in August was higher than previously […]