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Results for:Novation Agreement for the Substitution of Time Charterers
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Strong Chinese demand drives 7% y/y increase in minor ore exports
17 August 2023Driven by continued growth in minor ore demand in China, global seaborne minor ore exports rose 7% y/y in the first seven months of 2023, vastly outpacing the 2% y/y growth in overall dry bulk exports.
Myanmar, Republic of the Union of - National holidays 2015
28 February 2018Myanmar, Republic of the Union of - National holidays 2016
27 February 2018China’s refinery output up 3.3% y/y as exports grow 74%
22 March 2023Reaching 116.1 million tonnes, Chinese refineries’ output hit a new high for the first two months of the year. Increases in exports and domestic transportation demand, following higher export quotas and the lifting of COVID restrictions, are driving growth.
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02 June 2016Indonesian coal exports surge 32% on strong Asia demand
26 April 2023Indonesian seaborne coal exports are expected to surpass 170 million tonnes by the end of April, up 32% on the same period last year. The rise is partly due to improved economic conditions in China and an increase in energy demand as a result.
EU clean oil product imports up 18.3% y/y on increased Asian volumes
27 October 2022Excluding intra-EU trade, the European Union’s average monthly clean oil product imports amounted to 10.0 million tonnes in 2019 but declined to 9.3 million tonnes in 2020 and 2021. Due to the high import volumes in July to October, the 2022 year-to-date average monthly volumes have reached 10.3 million tonnes, exceeding 2019 volumes.
EU tanker import tonne mile demand up 12% as ships avoid Red Sea area
11 April 2024In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on ships in the Red Sea area have caused average sailing distances to increase a further 16% and tonne mile demand to increase 12% despite falling volumes.
