Dirty tanker spot freight rates were steady in November, although the expected year-end upward momentum has yet to materialize, OPEC said in its latest monthly report. For VLCCs, the spot freight rates on the Middle East-to-East route averaged WS43, up…
Tankers Market Steady During November Read More »
China set out its priorities for its 2022 economic policies last week placing much emphasis on stability. The annual Central Economic Work Conference, which took place in Beijing, outlined key goals, including taking steps to make macro policies more e…
China hints at 2022 ambitions Read More »
When we talk or hear about the Shipping industry everyone knows that it is the is the first world industry that correlates nations and continents. “No Shipping – No Shopping” as it goes. According to I.M.O., “shipping is vital to the nations’ security,…
“How to better control and manage risks by division and a three step analysis” Read More »
Inbound vessel traffic and all bunkering in Gibraltar was suspended on Thursday amid gale and swells pushing 2 metres today, port agent MH Bland said. The bunker queue grew to 16 vessels in the port. Weather conditions are forecast to improve some on F…
ENGINE: Global Bunker Fuel Availability Outlook Read More »
Australian miner Rio Tinto fixes capesizes at progressively lower costs during past week
Capesize bulker market plummets amid falling Pacific rates Read More »