Author name: admin

Major ship operators show small progress on emissions targets: report

Some of the world’s largest ship charterers and operators reported improved decarbonization performances in 2025, according to an annual industry report June 11, highlighting more use of biofuels and energy-saving devices amid regulatory uncertainty. The 32 signatories of Sea Cargo Charter, which together handle 14% of global seaborne wet and dry bulk trades, missed the …

Major ship operators show small progress on emissions targets: report Read More »

Flexibility wins: Orders shifting from Aframax to ‘coated Aframax

The tanker market’s growing uncertainty is changing the ordering patterns in the 80–120,000 dwt segment, known as the Aframax in crude and LR2 in product tankers. Traditionally, shipowners looking to transport crude oil opted for Aframax tankers, while those focused on refined products ordered LR2s. However, that distinction is becoming blurred, with owners increasingly preferring …

Flexibility wins: Orders shifting from Aframax to ‘coated Aframax Read More »

VLCC Tanker Market Stabilizing

Clean LR2 The TC1 75kt MEG/Japan index dropped 11 points this week to WS501 this week. A voyage west ticked up this week with the TC20 90kt MEG/UK-Continent index going from $9.91 million to $10.11 million. The TC15 80kt Mediterranean/East index continued its downward track to $4.31 million this week (-$124,000) with the corresponding TCE …

VLCC Tanker Market Stabilizing Read More »

Scroll to Top