The rerouting of seaborne crude oil trade is in full swing, as evidenced by the fact that the EU is now the destination of one third of total US crude oil exports. In its latest weekly report, shipbroker Banchero Costa said that “2021 was a very negati…
US Crude Oil Exports to Europe Have Risen by 52.2% So Far This Year Read More »
Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old Handysizes have moved up by c.2% since the start of October to USD 16.70 mil. Interest in the Handysize sector has led Bulker sal…
VesselsValue: Handysize values moving up in October, While LNG Values Skyrocket Read More »
Global trade growth looks set to plummet from 10.1% in 2021 to 4.3% in 2022, with further slippage to 2.5% in 2023, according to the latest International Monetary Fund’s World Economic Outlook (WEO). While this is noted as higher growth than in pre-pan…
Hard reining in of trade growth Read More »
China offers little guidance on demand for capesize bulkers, Baltic Exchange analysts say
Centerbridge Partners has been an important private equity supporter of the owner and once owned 25% of shares
Key Genco Shipping shareholder takes stake below 5% for first time Read More »