TOP Ships has recently diversified its tanker fleet with two suezmax crude carriers delivered last year
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Pistiolis orders first VLCCs at HHI Read More »
In an attempt to find some positive news in the market, it seems that Brazil can offer some respite. In a recent note, shipbroker Banchero Costa said that “Brazil soybean exports have been surging this year, thanks to a combination of strong demand fro…
Brazil soybean exports A Silver Lining in the Market Read More »
Freight rates for oil product tankers have returned to more ‘normal’ levels following a spike in late April when rates across all ship sizes reached record highs. LR2 earnings peaked at USD 169,829 on 27 April on the benchmark naptha condensate trade f…
Daily LR2 product tanker earnings fall by USD 100,000 in 12 days Read More »
The “prevention principle” has been a popular argument run by shipyards in English law shipbuilding disputes in recent years. This enthusiasm has not been shared by English Courts and tribunals, and prevention principle arguments rarely, if ever, succe…
The latest uptick in shipbuilding activity began in early May with a contract from CM Lemos for two firm suezmaxes…
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Tankers monopolise waning Greek newbuild interest Read More »