The tanker market is bound to face another round of shifts in trade flows, with EU’s seaborne imports of Russian oil, effectively banned henceforth. The increased ton-mile demand though, could prove to be beneficial for many tanker owners.   In its latest weekly report, shipbroker Intermodal noted that “Russia is the world’s third largest oil […]

With mounting global efforts to combat climate change, the shipping and offshore sectors are subject to ever-increasing scrutiny and regulatory intervention. Reed Smith shipping partner Nick Austin and associate Eleni Pilaviou highlight the significant challenges of decarbonisation for shipowners and operators.   To meet IMO’s target of reducing carbon emissions by at least 50% by […]

Which is the existing pattern in the relationship between tankers and dry bulk carriers? In its latest weekly report, shipbroker Allied Shipbroking noted that “the extent to which the dry bulk and tanker markets are correlated has always been a topic of hot dispute and significant interest in the market, with mixed feelings and contrasting […]