The level of blank sailings on the main east-west trades suggests cargo volume could remain flat year-on-year despite the virus…
Related StoriesLower bunker costs help SITC to 11% rise in first half profitStealthG…
OOIL cautious about liner shipping prospects Read More »
The Presidential elections in the US, due in a few months could bring a shift in energy policy, affecting not only the US, but the global oil market and with it the tanker market as well. In its latest weekly report, shipbroker Gibson said that “for th…
A Political Change in the US Could Lead to a Shift in the Tanker Market as Well Read More »
Capesize The capesize market took a southerly direction this week to settle at $17,918, down -$1,998 week on week. While the market isn’t moving in large increments, its direction got clearer as the week progressed. Brazil to China C3 trading activity …
Dry Bulk Market: Capesize Segment Enters Correction Mode After Recent Rally Read More »
Sleepy Joe may have confirmed Kamala Harris as his running mate for the US Presidency, but there is another sleepy factor lurking in the background, ready to bring either fireworks or a quiet slide into obscurity towards the end of this year. The world…
A Sleeping Bull in a China Shop Read More »
Eastern Shipbuilding Group commenced steel cutting for R.B. Weeks, ESG Hull 258, a new Trailing Suction Hopper Dredger for Weeks Marine.The contract for the new vessel was signed four months ago, and it will be built at Eastern’s Allanton Shipyard Pana…
ESG Cuts Steel on new Dredger for Weeks Marine Read More »