Copper drifts down as traders trim positions, await US data
Copper drifted lower on Thursday as traders reduced exposure ahead of the upcoming Christmas holiday and waited for a U.S.…
China aluminium imports decline 14% y/y, custom data shows
China’s import of unwrought aluminium and aluminium products fell 14% in November from a year ago, customs data showed on…
EU to phase out imports of Russian gas
The new law adopted on Wednesday will protect the EU’s energy security from weaponisation by the Russian Federation. Spot-market Russian…
China’s November refined oil exports dropped 2.2% yoy; LNG imports surged 13.6%
China’s exports of refined oil products dropped 2.2% year-on-year in November but rose 13.3% from the previous month, customs data…
Macquarie seals deal for new Maher lease at NY/NJ through 2063
The private equity fund that operates New York-New Jersey’s largest marine terminal agreed to the Port Authority’s new requirement to…
LR2s in the dirty market: how long will the shift last?
As discussed in previous articles and reports, one of the defining drivers of the LR2 market in H2 2025 has…
Return to Suez Canal routings looms large over market outlook
“Assuming a significant increase in recycling of older ships and a reduction in average sailing speeds, we forecast that average…
Global Tanker Fleet Ageing Fast
The global tanker fleet is ageing, with almost one third of it already over 16 years old. In its latest…