The tanker market is expected to remain heavily reliant on Middle East crude flows for a little while longer. In its latest weekly report, shipbroker Gibson said that “with world oil demand having collapsed in the wake of the Covid-19 pandemic, major d…
Capesize This week witnessed the dreaded correction in the Capesize market, with the timecharter average shedding almost 18 per cent to close the week at $27,644. But in recent context, this cannot be considered as anything other than healthy. The Paci…
Capesizes: Market Enters Correction Mode Read More »
The Panama Ship Registry has grown by 4.1% during the first year of its new Administration. The Panama Maritime Authority (AMP) objective has been achieved, thanks to the renovation that has taken place, by making significant changes in its processes s…
Panama Ship Registry Has Grown 0.7% During Its First Year Of New Administration Read More »
While demand for dry bulk carriers has intensified over the past few weeks, evidence from the data of the first half of 2020 suggests that the total number of transactions is lower than the previous years. Meanwhile, the second half of 2020 could prove…
Dry Bulk Market Not “Out of the Woods” Yet Read More »
At the end of 2019, it appeared as though a storm was brewing for the conventional reefer market; little did the market know that a storm was brewing for the entire shipping industry. While rumours and a limited amount of news stories were circulating …
Renewed reefer optimism or short-term spike? Read More »