Tag: Freight rates
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Maersk’s Resilient Growth in 2024 and Strategic Outlook for 2025
Maersk’s 2024 Financial Performance and Future Outlook Maersk’s 2024 Financial Performance Maersk, a leading global container shipping company, demonstrated remarkable financial growth and profitability in 2024, solidifying its position as an industry leader. The company reported its third-best financial year, with a 65% increase in EBIT to USD 6.5 billion and a 12% rise in…
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Navigating the Storm: Oversupply and Plummeting Rates in the Global LNG Shipping Market
The Global LNG Shipping Market: Navigating Oversupply and Rate Declines Introduction to LNG Shipping Market Dynamics The LNG shipping market is a dynamic and critical sector within the global energy landscape, playing a pivotal role in the transportation of liquefied natural gas (LNG) across vast distances. This chapter provides an overview of the LNG shipping…
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“Navigating Sanctions: The Surge and Impact of Ship-to-Ship Oil Transfers on Global Markets”
The Impact of Ship-to-Ship Transfers on Global Oil Markets Overview of Ship-to-Ship Transfers Ship-to-ship (STS) transfers involve the direct transfer of oil from one tanker to another at sea, a practice crucial for maintaining continuous operations in remote or hostile environments. This method’s efficiency and flexibility are vital in the dynamic global oil market, especially…