This year has not been the easiest of years for iron ore. In January, the collapse of a Vale-owned tailings dam at the Córrego do Feijão iron ore mine near the Brazilian municipality of Brumadinho resulted in over 200 deaths. On top of the tragedy, the…
Iron ore on route to recovery Read More »
Product tanker owners could be set for a new tanker play, with US reportedly resorting to gasoline imports, on the back of the recent events with the explosion at Philadelphia Energy Solutions’ (PES) 335,000 b/d Philly refinery. This has come at an opp…
New Tanker Plays Emerge After Philadelphia Refinery Explosion Read More »
Llewellyn Bankes-Hughes, Managing Director, Petrospot talks about the controversial adoption of exhaust gas cleaning systems ahead of IMO 2020. “To scrub, or not to scrub” is a question that I get asked quite frequently in this job. It’s certainly a co…
To scrub, or not to scrub? That is the question… Read More »
Capesize The Capesize market surged over the past week, reaching highs not seen since August last year. Widespread activity in both basins saw a week on week lift of $7,084 to settle at $26,444. As usual, this volatile rise was initially Atlantic Basin…
Dry Bulk: A Week of Rally Read More »
Tanker owners are having to deal with a multitude of external factors, having an impact on rates and trading. In its latest weekly report, shipbroker Intermodal said that “the global shipping industry is facing numerous challenges at a time when geopol…
Tankers: Strait of Hormuz, Oil Prices and Marine Insurance Premiums Read More »