The UP World LNG Shipping Index, the world’s only stock index focused on LNG shipping companies, gained 8.06% last week. U.S. stocks represented by the S&P 500 index gained 3.26%. For the first time in its history, the UP Index exceeded the 1…
LNG shipping stocks: UP Index above 150 points Read More »
Jet fuel is being imported in larger quantities in Europe, which could help the product tanker market in the next few months. In its latest weekly report, shipbroker Gibson said that “this summer travel season has been marked by widespread flight cance…
Jet Fuel Comes into Contention for the Product Tanker Market Read More »
Capesize The Capesize market continues to dwell in the doldrums as any attempts to spark a rally were quickly dealt a hammer blow as the 5TC closed the week at $10,898. This rate level is less than a third of the same time last year. The market was rea…
Dry Bulk Market: Recovery Still Elusive for the Capesize Market Read More »
Widespread container shipping trade recovery in the wake of the Covid-19 pandemic has boosted the global terminal capacity outlook, supported by global terminal operators’ (GTOs) increased appetite for higher-risk greenfield projects to deliver long-te…
Greenfield container port projects back in favour with terminal operators Read More »
The tanker market recovered strongly during July, OPEC said in its latest monthly report. Dirty tanker spot freight rates in July fully recovered from the decline seen earlier in May, as trade dislocations boosted tanker tonnage demand. VLCC rates on t…
Tanker Market Entered in a Growth Cycle in July Read More »