The Changing Landscape of European Refineries

The recently announced Grangemouth refinery closure continues the trend of shrinking refinery capacities in Europe. However, secondary utilisation of closed refinery sites may bring some further opportunities to the tanker market.

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Bulk Carriers Orders vs Ageing Fleet

The comparison of the order book and the fleet gathering ships over 20-years of age, the natural candidates for recycling, shows significant disparities across various Bulk Carriers segments.

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