The Russian effect in the tanker market is expected to be in full force in the coming weeks and months, with flows and market impact expected to shift, both in crude and in the product segments. In its latest weekly report, shipbroker Gibson said that …
Tanker Market Dynamics Shifting Again Read More »
The 17th Intersessional Working Group on GHGs has concluded with a number of important developments, that can be used to guide expectations on the nature of measures the IMO is expected to adopt in 2025. The meeting progressed the drafting of a new Cha…
Capesize This week saw significant positive momentum in the Capesize market. The BCI 5TC surged by $3,436, closing the week at $30,598, driven largely by robust activity in the North Atlantic region. Monday began with an encouraging uptick in both the …
Dry Bulk Market: Capesizes Showing Positive Momentum Read More »
At least two people died and four were declared missing following the sinking of an oil barge operated by a contractor of Venezuelan state-run energy company PDVSA at Lake Maracaibo, PDVSA said on Thursday.Sources and an internal report from…
Oil Barge Sinks in Venezuela, Killing Two Read More »
The dry bulk market has been a mixed bag so far in 2024, in terms of performance, with Capesizes faring much better than smaller ship classes. In its latest weekly report, shipbroker Xclusiv said that “the dry bulk market has exhibited a mixed performa…
Dry Bulk Market: Mixed Fortunes Read More »