In last month’s Report, we noted that since the middle of the year oil supply had increased sharply, with gains in the Middle East, Russia and the United States more than compensating for falls in production in Iran, Venezuela and elsewhere. New data s…
Oil Market Report: Heeding the warnings Read More »
As uncertainties around the future growth of world trade and the economy are growing, ship owners appear to be more reluctant to place long-term bets, such as a newbuilding contract commitment. In its latest weekly report, shipbroker Allied Shipbroking…
Newbuilding Orders Dry Up As Trade War Takes a Toll in Market Sentiment Read More »
The global maritime industry is cautiously optimistic about the global business environment for world trade, but also concerned about the potential impact of trade tensions, cyber security, fuel costs and other headwinds to industry recovery, according…
BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release. The Global Marine Fuel Sulphur Clause for Time Charter Parties was approved by the Documentary Committee at its mee…
BIMCO Adopts 2020 Bunker Clauses Read More »
Ship owners have been more than active in the S&P Market, as the year closes to an end. In its latest weekly report, shipbroker Intermodal said that “this has been another active week in the second-hand market for both the dry bulk and tanker secto…
Supramaxes are the Weapon of Choice for Greek Ship Owners Read More »