The freight market for product tankers remains in flux, as many variables are shifting. In its latest weekly report, shipbroker Gibson said that “with the summer holiday season nearly upon us, attention turns to the state of the jet fuel market as it c…
Product Tanker Demand Still in Flux Read More »
Capesize The Capesize market leapt up in the latter part of the week, erasing most of the losses since the closing week of May. The Capesize 5TC opened the week with a relatively paltry $20,933, took some moderate losses early in the week to $19,845 be…
Capesize Market Bounces Back After Dismal Start to the Week Read More »
With over 35% of all S&P sales now conducted using a Sellers “Pre-Sale” Inspection, Idwal say this has changed the way ships are sold. Cardiff based Idwal is no stranger to innovation. Unlike any other inspection company, Idwal owns and develops it…
Idwal’s Pre-Sale Inspection Service Makes Waves Across S&P Sector Read More »
Dirty tanker rates saw mixed movement in May, although they remain at low levels, OPEC said in its latest monthly report for the month of June. The improving US market supported rates on the UK-US route, while very low rates on the Mideast-Asia Pacific…
Tanker Market in Mixed Behavior During the month of May Read More »
The shipping industry needs to look past zero carbon fuels to decarbonise the sector. ‘Circularity’ and ‘servitisation’ could be the new buzzwords to watch for, according to Danish Ship Finance (DSF). In its latest Shipping Market Review, DSF offers up…
Green shipping calls for a holistic approach Read More »