Trade disruptions have had a significant impact on tanker rates this year, limiting supply, boosting rates and thus leading to a handful of ships being scrapped. In its latest weekly report, shipbroker Gibson said that “the onset of the EU’s Emission T…
Limited Tanker Scrapping and Supply Boosts Rates During First Half of 2024 Read More »
Capesize This week began on a positive note, with the BCI 5TC increasing significantly by $2,881 to reach $31,438. Early in the week, the Pacific market saw significant activity, with increased participation from all of the miners and rising rates. How…
Dry Bulk Market: Capesize Market Ends Week in Correcting Mode Read More »
New nuclear technologies are increasingly being considered and developed for shipping as defence and civil offshore applications underpin the case for their adoption. In its most recent expert-led assessment of nuclear solutions in the Zero-Carbon Fuel…
The Capesize market has benefited from the resumption of Australian coal exports to China after a period of tension between the two countries. In a recent weekly report, shipbroker Banchero Costa said that “global coal trade has really picked up pace i…
Dry Bulk Market: Australian-China Trade Route Recovering Read More »
Skyrocketing freight rates in the product tanker market, especially in the LR segment, are luring some charterers to use VLCCs for the CPP trade after tank cleaning. As most LRs carrying Middle Eastern diesel to Europe are passing through the Cape of G…
VLCCs might play spoilsport in the LR market Read More »