Berge Bulk signs ammonia-ready newcastlemax order in China
Shipowner returns to newbuilding market after a six-year hiatus
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February 2024
Berge Bulk inks ammonia-ready newcastlemax bulk carrier order in China
Contract marks company’s return to the newbuilding market after a six-year hiatus
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Tanker Newbuilding Orders Going Strong
Tanker ordering activity has continued to dominate newbuilding contracts over the past week. In its latest weekly report, shipbroker Intermodal said that “this week saw more tanker orders as low orderbooks and high freight rates encourage owners to ord…
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BIMCO: Tanker Market strengthens despite slowing oil demand growth
Supply/demand balance For crude tankers, we forecast that the supply/demand balance will tighten further during both 2024 and 2025. Low fleet growth, along with increasing sailing distances, create the foundation for the improvement despite a slowing o…
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Aframax dirty tonne days from Med/UK Continent to the Baltic / Black Sea
The Aframax dirty tonne days experienced a significant surge in growth starting from mid-January, particularly in the route from the Mediterranean to the Baltic/Black Sea. By the end of February, the freight market sentiment once again showed weakness …
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