This research investigates the complex transformation of the Baltic Clean and Dirty Tankers markets from 1998 to 2023. Our study quantifies the market multifractality in two distinct periods, from 1998 to 2010 and 2010 to 2023. We compare multifractal measures of the original, surrogated, and shuffled data, which indicate high multifractality and a complex market structure influenced by temporal organization and inherent volatility. Shuffled data analysis emphasizes the critical role of temporal sequences within market behaviour. Additionally, the study delves into external factors such as regulatory changes, economic disturbances, technological innovation, and environmental concerns contributing to market complexity. A distinct shift in multifractal values between the two periods suggests an evolution from crisis-induced complexities to a market influenced by diversified and modern dynamics. Our findings offer a concise understanding of the multifractal nature of the tanker markets and how global crises can impact the markets, emphasizing the importance of considering systemic risks in freight market analysis.

Though inland ships share a small portion of the total global CO₂ emission from shipping, from the individual country’s economic and environmental perspective, this is very important. In order to reduce CO₂ emission from the sea going ships by increasing energy efficiency, International Maritime Organization (IMO) adopted a generalized Energy Efficiency Design Index (EEDI) in 2011. However, due to the variation in the environmental, geographic and economic conditions, a generalized EEDI cannot be established in a similar fashion as established by IMO. Shallow and restricted water effects, different fuel qualities (to reduce operational cost), increase in engine power requirement, reduction in carrying capacity, cargo availability, etc. forbid the use of existing EEDI formulation for inland waterways. So, an EEDI formulation based on revised parameters has been proposed for the inland ships of Bangladesh. This paper focuses on the implementation of the revised EEDI formulation by performing a sensitivity analysis of different ship design parameters. Based on the analysis, suggestions were made on how to design inland oil tankers of Bangladesh using the revised EEDI formulation for reducing CO₂ from the current level. Keeping the same speed and capacity, those vessels were redesigned based on those suggestions. The CFD analysis of those redesigned vessels using ‘Shipflow’ has shown a total resistance reduction of 10-13%.