March 2022

Tanker Market in Unknown Territory After Russian Oil is Off Limits for Many Ship Owners and Traders

The tanker market is in the middle of yet another challenging situation, with predictions of future oil demand growth, now being thrown out of the window. In its latest weekly report, shipbroker Gibson said that “as the crisis in Ukraine escalates, so …

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Dry Bulk Market: Capesize Market in Normal Mode, Except for the Absence of Black Sea Trade Routes

The Capesize market had a mild trading range this week hitting a high of $15,258 and a low of $13,414 to settle Friday at $13,560. While events in Europe have been disruptive, the trading activity was generally back to normal this week as most shipping…

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