Being willing and able to switch between petroleum and edible oil trades will become an ever more prudent business strategy among tanker owners said Gibson in its latest weekly report, pointing out that a flexible strategy could go a long way, towards …
Tankers: Edible Oil Trades Even More Important in Today’s Market Read More »
A significant fall in oil demand is bound to hit the tanker market in the months to come, wiping out the “buffer” that the market managed to build over the past few months, through a rally in freight rates. In its latest weekly report, shipbroker Allie…
Tanker Market: Worst is Yet to Come Read More »
The effects of the outbreak of the Coronavirus appear to have also hit the ships’ demolition market. In its latest weekly report, shipbroker Clarkskon Platou Hellas commented that “we have witnessed a mixed week for the ship recycling industry, b…
Demolition Market Struck by the Coronavirus Read More »
Values for older VLCC and Aframax tonnage, as well as for Panamax bulkers have taken a downturn over the course of the past week. In a note this week, ships’ valuations expert, VesselsValue said that in the tanker segment, “older VLCC and Aframax…
Ships’ Values Retreating Read More »
LNG shipping hasn’t been able to avoid the negative impact from the drop in gas demand, as a result of the Coronavirus outbreak. In a recent market commentary, LNG ship owner, AWILCO LNG said that “the story of LNG in 2019 has been one of massive…
LNG Shipping Faces Coronavirus Negative Impact Read More »