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Finance & Markets

Crude Freight: Past the Peak, But the Floor Should Hold

VLCC rates from the US Gulf and West Africa have fallen from historical peaks by 27% and 32% respectively over the past two weeks, with smaller tankers following. Is this a short-term correction, or the start of a deeper decline? And if rates fall further, would they reach pre-war levels? To answer that, we need ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

Read the original at hellenicshippingnews.com →

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European Shipowners call on MEPs to back Commission proposal to include two Indian yards in the EU ship recycling list

The Environment Committee of the European Parliament votes on 4 November on a motion for resolution objecting to the Commission’s proposal to add two Indian ship recycling yards to the European List…

  • European Shipowners urge MEPs to back Commission proposal.
  • Indian ship recycling yards compliant with EU Regulation.
  • Approval raises global standards for ship recycling.

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