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Shipping Biofuels: navigating new challenges with strategic solutions
The global biofuels market has witnessed massive growth over the last two decades, largely driven by evolving regulations and the push for cleaner energy. Volumes have increased close to 400% since 2007, when the market totalled 5mn t/yr compared with the 25mn t/yr it represents today, with the sector incorporating an increasing range of feedstocks and cargo types.
Europe's Future in Chemical Production: How Will This Impact The Chemical Fleet?
The European Petrochemical Association (EPCA) meeting in Vienna late last month saw the industry come together at the nexus point between a very challenging 2023 and the uncertainty awaiting the market in 2024. In this report, we will focus on some of the key topics that were under discussion, and how these will impact the chemical tanker sector in terms of tonnage demand and trade flows next year.
Asian PX Outlook for Q4 2023
In a report last month, we took an in-depth view of how many chemical markets have found some relief from a bearish economic outlook and weak derivative consumption this year through a recovering gasoline market and more demand into the blending sector.