Ton-mile demand is up across the board in the tanker market, helping keep rates high. In its latest weekly report, shipbroker Gibson said that “with the one third of the year already over and the Red Sea still off limits to the majority of the tanker m…
Tanker Flows In a State of Constant Flux Read More »
Capesize The Capesize market endured a challenging week, marked by persistent negativity across both the Pacific and Atlantic regions. The week commenced sluggishly, with the BCI 5TC dropping by $1,133 on Monday, setting a negative tone. Conditions gen…
Dry Bulk Market: Negativity Engulfs Larger Bulkers Read More »
As April draws to a close, the crude freight market sentiment for VLCC and Suezmax tankers segments confirms a downward trajectory, contrasting with a sense of stability observed in the Aframax Med route, albeit accompanied by a decline in vessel activ…
New York-listed shipowner continues renewal efforts with latest newbuilding
Safe Bulkers snaps up prompt yard slot, adding eighth newbuilding to orderbook Read More »
Diversified New York tanker owner turned in record year and cash pay ticked up