Delivered tonnage of crude oil tankers have grown by +37%, whereas total fleet demolitions for 2019 have slumped to the lowest in a decade with a reduction of 52% from the year before. Newbuilding orders have remained low through the year with contract…
Tanker Deliveries Are Soaring As Demolitions Hit Decade-Lows Read More »
The Aframax sector has come out on top as having the largest percentage rise in ton miles over fleet growth in the past 3 months. Aframax charter rates have more than quadrupled in the same time frame, starting July at approximately 9k USD and starting…
Aframax: Demand & Supply Trends Read More »
Earnings frenzy settles as tanker fixtures fail and oil firms relet
Owners fall ‘back to earth’ as VLCCs drop back to $135,000 per day Read More »
Earnings frenzy settles as tanker fixtures fail and oil firms relet
Owners fall ‘back to earth’ as VLCCs drop back to $135k per day Read More »
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a one-week low on Wednesday, on weaker demand for all vessel segments.The Baltic index, which reflects rates for capesize, panamax and sup…
Baltic Index at One-week Trough as Demand Sags Read More »