Tanker owners could receive some positive news from the Russian crude oil export market. In its latest weekly report, shipbroker Gibson said that “after many months of pain, crude tanker owners will finally see an increase in the volume of Russian expo…
Tanker Owners Could Receive Some Respite From the Russian Oil Export Market Read More »
Capesize The Capesize market was in a steep climb for most of this week as it reached a pinnacle of $74,786 Wednesday before stalling, regathering, and then pushing on to $75,190 at weeks end. These heights were last visited in November 2009. The marke…
Dry Bulk Market: Another Week, Another Rally Read More »
The sudden rise in demand for biofuels is causing supply tightness in the soybean oil market, which is likely to persist until 2022. Alternatives such as sunflower oil will benefit from this situation. The year 2021 has been turbulent for the soybean o…
Supply tightness in soybean oil market making ways for sunflower oil Read More »
A record 87 vessels passed through the Suez Canal on Wednesday, September 29, besting the previous record of 75 set in February 2019.The record includes 38 vessels transiting southbound and 49 northbound, with 2 million and 2.8 million total net tonnag…
Suez Canal Reports Record Daily Transits Read More »
A small paradox is emerging in the tanker market, with ship values rising despite the steady downward pressure of the freight market. In its latest weekly report, shipbroker Intermodal commented that “tanker asset values have surprised with their upsid…
A Paradox? Tanker Prices Are Rising Despite Freight Rates’ Demise Read More »