New tonnage in the tanker market could become scarce in the next few years, in what appears to be a silver lining amid the pandemic. In its latest weekly report, shipbroker Gibson said that “setting aside the exceptional volatility in tanker rates, Cov…
Tanker Newbuildings Hard to Come By Read More »
Capesize A sober end to the week, with the market seemingly ready for the weekend. After a steady week of rate declines a small flurry of Atlantic business – combined with a little activity in the Pacific – managed to end the week up a tick. While a bo…
Dry Bulk Market: Capesize Market Not There Yet Read More »
The key factors that are worth considering when buying bunker fuel are quality, availability and price. Excluding quality, availability and the relative price paid generally tend to correlate with the lead time, which is the difference between the enqu…
Getting the bunkering lead time right is more important than ever Read More »
Crude tanker owners could use some good news, as they are preparing to enter a period of uncertainty, following the expiry of the contango effect, which boosted their earnings in the short-term. In a recent weekly note, Banchero Costa detailed the curr…
West Africa Market Could Support Tanker Rates Read More »
One thing that has confusingly held true up to now was that, against all the trends of many other commodities and market, iron ore kept on rising. It has been the black sheep of the markets, standing there, teeth gritted, weathering the storm that had …
Dry Bulk Market: The End of the Road for Iron Ore Read More »