US sanctions Nord Stream 2 pipeline following German certification delay
Russia provides Europe with roughly a third of its LNG supply
US sanctions Nord Stream 2 pipeline following German certification delay Read More »
February 2022
Ship Recycling Picks Up Pace
The demolition market has come alive over the past few weeks, as firmer rates have triggered an increased supply of vintage tonnage. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “it would appear the recent firmer rates …
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VLSFO Prices Are At An All-time High – Politics Have Trumped Oil Fundamentals
Last month we outlined all the fundamental reasons why Brent crude prices were justified in the $80 region and why prices were expected to fall to the $70s in the second half of this year (and that bunker prices would follow the trend). We ended the no…
VLSFO Prices Are At An All-time High – Politics Have Trumped Oil Fundamentals Read More »
Will the ocean carriers’ cash machine help or hurt shippers?
Ocean carriers have generated about $190 billion of annual profits and about $130 billion of fresh cash in 2021, obtained mainly by charging higher prices. But will this exceptional transfer of cash be put to good use? The latest quarterly results anno…
Will the ocean carriers’ cash machine help or hurt shippers? Read More »
Sanctions reach Russian shipping through a state-controlled lease financier
That five ships backed by PSB Leasing were slapped with sanctions could have reverberations for Russian shipping
Sanctions reach Russian shipping through a state-controlled lease financier Read More »