- Airline capacity 37% lower than 2019, curbing demand for jet fuel
- India’s coal import decision to reverse 10% YTD drop and add tonne miles
- March retail volumes at 0.0% m/m as EU retail trade stagnates
- Russia-China dirty tanker trade soars 94% y/y after Ukraine invasion
- China’s appetite for bauxite hits new record as Q1 imports jump 15.4% y/y
September crude oil tanker demolishing hits 39-months high at 1.9m DWT
Has the lid finally come off for crude oil tanker demolition in 2021? If judged by the 1.9m DWT of capacity that was removed in September, the answer is “yes”.
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Posted:
07 October 2021
BIMCO's Shipping number of the week
Latest market analysis
- Russia exports slow as war in Ukraine heads into 5th week
- War in Ukraine will hurt growth in all shipping segments
- US trade balance with China improving on higher exports
- Strong domestic demand sees US oil product imports growing
- Tanker shipping - profitability still a way off for loss-making tankers as pandemic drags on
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