Capesize As the week commenced in the Pacific, it became apparent that there was a notable level of enquiry, defying the usual subdued nature of Mondays. The majors from West Australia to China have been present in the market throughout the week. Howev…
Dry Bulk Market: Capesize Market Improved Last Week Read More »
The product tanker market is expected to benefit significantly from the sanctions imposed on Russian crude and products, like diesel and gasoline. In its latest weekly report, shipbroker Gibson said that “after a rather disappointing period for most of…
Capesize The Capesize market was positive over the week, rising in excess of $1,200 to close at $13,957. In the Pacific, the rates for the west Australia to Qingdao trade were defined by pre or post-Christmas loading, with more prompt-dated vessels get…
Dry Bulk Market: Capesizes Rise Again Read More »
This week’s round of technical talks at the UN’s maritime regulator showed countries are prepared to phase out shipping emissions by 2050. More crucially, support appears to be building for the International Maritime Organization (IMO) to also adopt an…
UN shipping agency inches towards 2030 emission reduction goal Read More »
Demand for tankers aged from 15-years and older have been in high demand in the secondhand market. In its latest weekly report, shipbroker Gibson (https://www.gibsons.co.uk/) said that “this year, 15-year-old crude tanker values have broadly outperform…
Older Tankers in High Demand Read More »