Dry Bulk S&P Market Heats Up Summary Shipbrokers report a marked uptick in both newbuilding orders and second‑hand (S&P) activity across the dry bulk and tanker sectors. Banchero Costa highlights a flurry of container, gas and chemical newbuild orders placed with Chinese yards, while Xclusiv describes week 36 of 2025 as one of the busiest […]
Tanker Market Fragmented With Performance Varying Summary The tanker market is fragmented: different vessel classes are showing distinct earnings and activity patterns driven by shifting trade flows and an uneasy oil-demand outlook. Shipbroker Xclusiv highlights contrasting narratives from the IEA, which has trimmed demand growth forecasts for 2025–26, and OPEC, which expects stronger demand and […]
Greek Shipping Fleet on the Rise Summary The Greek fleet expanded by 2.9% year‑on‑year in DWT terms, reaching 488.6m DWT in 2024. The fleet added 214 vessels (all types and sizes), up from 85 in 2023. Tonnage increased by 16.5m DWT in 2024 (versus 7.86m in 2023). The number of Greek shipping companies fell slightly […]
Tanker Weekly Market Monitor: Dirty Oil Flows to China Summary August saw a marked shift in dirty crude flows: Saudi shipments to China rose 19% year‑on‑year to above 50 million barrels — the highest monthly total so far in 2025 and the best since early 2024. That rise reflects Saudi pricing moves to win back […]
Dry Bulk Market: Capesizes Move to Higher Ground Summary Positive sentiment prevailed across both the Atlantic and Pacific dry bulk markets through the week, with Capesizes leading the gains. The Capesize timecharter average closed at $25,457 on Friday, up $1,944 week-on-week. North Atlantic sentiment was upbeat but activity remained limited; Brazil/West Africa (C3) saw more […]
Chokepoints under pressure: The fragile lifelines of global energy Summary Rystad Energy’s analysis highlights growing risks to five major maritime chokepoints that together carry the bulk of global oil and LNG shipments. Volumes fell from about 71.3 million barrels per day (bpd) of oil and 26 Bcfd of LNG in 2023 to roughly 65 million […]
Toyota and Daimler Finalize Plan to Merge Truck Units Summary Toyota Motor Corporation and Daimler Truck have signed definitive agreements to combine their commercial truck businesses, bringing Hino Motors and Mitsubishi Fuso together in a 50:50 joint venture. The new company will retain the Hino and Fuso brand names, be headquartered in Japan and focus […]
Product Tankers: Demand Could Be Ramping Up Summary Shipbroker Gibson’s latest weekly note points to a possible short-term respite for the product tanker market after refinery activity hit an all-time high of ~85 mbd over the summer. Strong refinery runs pushed seaborne clean petroleum product (CPP) exports to a 16-month high, led by the Middle […]
Tanker Market Stages August Recovery Summary Dirty tanker spot freight rates largely recovered in August after prior declines, with Suezmax leading the rebound. OPEC’s monthly report shows Suezmax rates up 34% month-on-month (m-o-m) and 38% year-on-year (y-o-y). VLCCs gained mainly on East of Suez routes (+11% m-o-m) and Aframax averages rose, though with regional variation. […]
Stellantis and Tesla just showed that big EV trucks are a tough sell Summary Stellantis is discontinuing the Ram 1500 REV after demand for full‑size electric pickups slowed in North America. Tesla also quietly removed the long‑range, rear‑wheel‑drive Cybertruck option from its website. Dealer and industry data show year‑over‑year declines for several leading EV trucks, […]
