The tanker market is in ever shifting waters, as the existing conditions are redrawing crude oil trade routes. North Sea oil production could return into play, while Urals exports are expected to move to the East. In its latest weekly report, shipbroke…
Tankers: European Oil Trade Routes Are Being Redrawn Read More »
Capesize The Capesize market fared little better this week to begin with. However, by Friday green shoots were beginning to emerge as the 5TC saw a low of $13,596 yet closed at $15,460. The Atlantic basin remains the Achilles heel of the market with po…
Dry Bulk Market: Capesize Market Improves Read More »
Lines have thrived in the pandemic, and should continue to do so despite a growing number of risks, according to Drewry’s latest Container Forecaster report. It’s hard to shake feelings of dread and déjà vu in recent news. Russia’s invasion of Ukraine …
Has the liner party ended? Read More »
Egypt’s Suez Canal recorded revenue of $1.69 billion in the first quarter of 2022, up from $1.4 billion in the same period a year prior, the canal authority said in a statement on Saturday.The canal is the fastest shipping route between Europe and Asia…
Suez Canal Reports $1.69 Billion Q1 Revenue Read More »
As rates for midsize vessels fall, capesize vessels regain most of ground later in the week
Panamax and supramax bulker spot markets slump as demand takes a hit Read More »