Tanker Shipping & Trade 4th Quarter 2025

In this issue:

First European-built CO2 carrier hits the water

America reorders tanker trade

Energy expansion, tariffs and sanctions redraw routes

CO2 shipping matures

First FSIU designs and Southern European storage unveiled

CO2 value chain

Project demonstrates capture offloading and reuse of CO2

S&P playbook rewritten

Dark-fleet pricing distorts values and reveals divergence