One of the biggest factors shifting crude oil flows could be removed from the equation, if peace negotiations to end the war in Ukraine reach a positive outcome. In its latest weekly report, shipbroker Gibson noted that “negotiations are ongoing, and t…
Tanker Market: What’s the “Peace in Ukraine” Effect? Read More »
Capesize The Capesize market delivered a robust and increasingly confident performance this week, with the BCI 5TC climbing steadily from the low $30,000s to close the week in the $37,000s. The Pacific set the tone early, where consistent miner partici…
Dry Bulk Market: Capesize Showing Signals of Strength Read More »
The VLCC market is enjoying a strong upswing, with spot earnings consistently exceeding $100,000pd as rising OPEC supply has boosted vessel demand in the Arabian Gulf. With OPEC+ targets indicating an oversupplied oil market through 1Q26, the correspon…
Excessive ordering to hurt long-term prospects of VLCCs Read More »
Ukrainian naval drones hit two sanctioned tankers in the Black Sea as they headed to a Russian port to load up with oil destined for foreign markets, an official said on Saturday, as Kyiv tries to pile pressure on Russia’s vast oil industry.The two oil…
Ukraine Strikes Two Russian Shadow Fleet Tankers Read More »
One of Australia’s biggest coal export ports will resume operations on Monday, the port operator said, after climate-change protesters disrupted shipping at the Port of Newcastle for a second day on Sunday.Climate activist group Rising Tide…
Protesters Disrupt Coal Shipment in Australia Read More »