Both ways of moving oil out of the Hormuz strait remain inefficient. Both in September and in October, a single voyage takes around 10 days from entering the Gulf to exiting it. A shuttle tanker needs ...

• Coal: The commitment for China to import at least 10 Mt of US coal annually in 2027 and 2028 could increase long-haul ...

The latest developments in US–Russian energy relations could mark another turning point for the product tanker market, as Washington's decision to temporarily ease sanctions on Russian diesel opens ...

Atlantic Basin crude differentials fell to record lows in mid-October (Argus), but discounts have failed to offset the cost of shipping barrels to Asia. VLCC freight to Ningbo costs $8-16/bbl more ...

The VLCC market is softening, but we contend that the downside is limited. Exceptionally high freight costs have softened long-haul Atlantic-to-Asia demand. Asian refiners are increasingly favouring ...

China’s economic trajectory continues to be shaped by the interplay between structural transformation and the gradual rebalancing of a growth model historically anchored in investment and industrial ...

As we discussed in Commodore Research's most recent Weekly Executive Report, it remains helpful for the dry bulk market that industrial production — including manufacturing production (which is the ...

• Capesize Spot Index Stabilizes but Risk Remain Abound – The recent correction in Capesize spot rates appears to have established a floor, with the index stabilizing just below the 30,000 mark after ...

Rising attacks in the Middle East pushed the energy sector higher. AI-related stock selloff weighed on risk appetite across the rest of the complex.

The Trump administration has been busy easing sanctions over the past couple of weeks. On 9 October, OFAC issued General License 135. It allows the sale, delivery and import into the US of ...

The global economy is navigating a complex adjustment, with strongerthan-anticipated activity coexisting with persistent inflationary pressures, geopolitical disruption and increasingly divergent ...

China’s non-Iranian Middle Eastern crude arrivals are set to reach their highest level since the war began, despite VLCC tightness and Hormuz ship-to-ship (STS) bottlenecks delaying cargo deliveries.