With the crude tanker market facing oversupply issues, could a respite come from Canada? In its latest weekly report, shipbroker Gibson said that “the Federal Government in Ottawa very much has it’s back against the wall in trying to establish viable l…
Tankers: Will Canada Impact the Market Read More »
Capesize After the BCI timecharter average went over $26,000 mid-week, the highest level this year, the market then went into a correction. In Asia, the West Australia/China route peaked at $10.30 for an early position cargo from Port Hedland to Qingda…
Dry Bulk Market: Capesize Index Reached Year-High Prior to Correction Read More »
The American Bureau of Shipping (ABS) is an industry leader in providing guidance for the safer development and deployment of hybrid power and supports its adoption with a strategy that focusses on the three areas of use covering storage, distribution,…
Hybrid Power Choices on the Increase for Maritime Read More »
The tanker market is reeling under the pressure of changing crude trade flows and tonnage oversupply, but could soon be faced with yet another peril. In its latest weekly report, shipbroker Intermodal noted that “we are now into the second half of 2018…
New Fuel Directives and the Tanker Market Read More »
Saudi Arabia has announced a temporary halt on oil shipments via Bab el-Maneb with immediate effect after reports of two tankers attacked by Yemen’s Houthi militia surfaced mid-week. It’s been reported that the two vessels were owned by Bahri (Saudi Na…
Conflict Shakes Middle East Exports Read More »