Solid week for tanker market
Product market strenghtens – VLGC and PCTC remain stable This week has been relatively calm for the tanker segment. Suezmax earnings softened slightly week-on-week, with modern scrubber-fitted Suezmaxes Spot still strong at $45,000 per day on average. The product tanker market has shown some strengthening, with average earnings in the mid-$20,000s per day. Meanwhile, activity in […]
EU boost for maritime fuel transition
European Commission set for €422m clean fuel infrastructure investment The European Commission is directing €422 million toward 39 projects under the Alternative Fuels Infrastructure Facility with a strong focus toward expanding clean fuel infrastructure, including maritime applications. Key investments include onshore power supply in ports, hydrogen refuelling, and infrastructure for ammonia and methanol as next-generation […]
Gearing up towards a stronger 2026
Modest 2025 expected as US export constraints remain Soft LPG markets may persist in 2025, in particular throughout the year’s first six months. An LPG carrier fleet growth of 3.6% (excl. VLECs) is expected to outpace the combined LPG and ammonia tonne-mile trade growth of 1.8% this year. The growth in demand is primarily limited […]
VLCC rates could reach $80,000 per day
US sanctions on Iran causing further boost in demand According to analysts from Clarksons and Braemar, spot rates for the largest crude tankers may surge to up to $80,000 per day as President Donald Trump’s administration tightens sanctions on Iranian oil exports. The crackdown is expected to shift more crude shipments to mainstream tanker fleets, […]
Tanker market strengthens overall
Suezmax leading the pack as rates increase once more The tanker market remains strong this week, with the Suezmax segment seeing the most remarkable increase. According to Fearnleys, Suezmax spot rates have risen by 16% week-on-week, surpassing $50,000 per day. The Aframax and LR2 markets have also shown firm improvements. Gas, car markets holding firm […]
Trump pushes for Ukraine peace talks
The impact of a potential truce will vary across different tanker segments This week, US president Donald Trump called for immediate Ukraine peace negotiations after a “highly productive” 90-minute call with Vladimir Putin. Ukraine’s president Zelenskyy also spoke with Trump, expressing hope for “lasting peace”. Scrapyard-bound Russian fleet may boost market after detente While crude […]
US escalates sanctions to cut off Iran oil exports
Positive tanker market impact set to continue As part of its maximum pressure strategy on Iran, the US has issued new sanctions this week aimed at blocking Iranian oil sales. The objective is to reduce the country’s oil exports to zero, preventing the government from funding its nuclear program. The sanctions specifically target individuals and […]
A milestone for clean shipping
Groundbreaking time-charter agreed for ammonia-fueled carrier Yara Clean Ammonia and Nippon Yusen Kabushiki Kaisha (NYK) have signed the world’s first time-charter agreement for an ammonia-fueled medium gas carrier. The vessel, set for delivery in November 2026, marks a key step in reducing emissions in the shipping sector. Major step towards sustainable supply chain This partnership, […]
VLGC market set to remain soft throughout February
Q2 rebound anticipated as arbitrage improves The VLGC market remains soft despite increased activity in the West. While a few more February deals are expected before the market transitions to March fixing, the position list for the remainder of February remains well-filled. According to Clarksons, earnings on the standard Houston-to-Chiba (Japan) route declined by 12% […]
Limited tonnage fuels tanker market momentum
Increased sanctions boosting overall earnings The tanker market continues to show positive momentum, with average crude tanker earnings rising by 16% week-on-week to over $40,000 per day. This increase is primarily driven by mainstream tankers benefiting from intensified sanctions activity and limited tonnage availability in Western regions. Suezmax earnings on the rise throughout According to […]
