The new Covid-19 mutation, Omicron, could potentially undermine the much-needed market upturn for the tanker industry. Carriers say they need more information to comment on the impact.

The global economy is still growing, though it's losing momentum, according to the latest growth estimate of the OECD's Economic Outlook. Bottlenecks in the shipping sector and elsewhere as well as pressure on supply chains have contributed to rising inflation.

Oil extended gains in Asian trading after the OPEC+ alliance decided to keep restoring supply, but also said it could revisit the decision at any moment due to high levels of uncertainty in the market.

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

With the mobilization of investments of up to EUR 300 billion over the coming years, the EU proposes a counter move to Chinese investments in ports and infrastructure. However, very little of it seems to pertain to expanding the transport sector.