Dirty Oil Flows to China

The flow of tonnes of dirty oil to China from global sources has seen a notable downturn, particularly impacting the Russian Federation, which has experienced a consistent decline since the first quarter of the year. As May began, signs of improvement emerged in the VLCC MEG-China route, contrasting with the persistently subdued sentiment in the …

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FBX Index May 2024: Crisis continues to underpin supply/demand balance

The quarterly results from the major carriers are beginning to be reported, with ONE and Maersk having issued theirs at the time of writing and with OOCL having issued their quarterly operational update with revenues and volumes but without profit levels. Overall performance has clearly improved compared to the fourth quarter of 2024, and this …

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