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Sanctions effect begins: Crude tankers forced onto longer voyages

Tanker investors have been getting cold feet this winter. Spot rates are down sharply from November and stocks are off earlier highs. Yet the bullish tanker thesis — war-induced trade inefficiencies, post-COVID reopening, new vessel capacity that’s about to fall off a cliff — hasn’t changed.

After spot rates “began to ease from highs that were completely unsustainable” came “the predictable selloff in the equities,” said Evercore ISI analyst Jon Chappell in a research note on Friday.

“We’ve been...

https://www.freightwaves.com/news/sanctions-effect-begins-crude-tankers-forced-onto-longer-voyages

Baltic index records fourth consecutive weekly drop on capesize dip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its fourth consecutive weekly fall on Friday as capesize demand remained numb. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down one...

https://www.hellenicshippingnews.com/baltic-index-records-fourth-consecutive-weekly-drop-on-capesize-dip/

New study assesses role of technologies in tracing the true carbon intensity of sustainable marine fuels

A new report from the LR Maritime Decarbonisation Hub and Safetytech Accelerator highlights the role of technology in enabling the shipping industry to develop specific mechanisms to track, verify and assure the true carbon intensity of sustainable marine fuels. Shipping’s decarbonisation is...

https://www.hellenicshippingnews.com/new-study-assesses-role-of-technologies-in-tracing-the-true-carbon-intensity-of-sustainable-marine-fuels/

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