The US crude export market continues to boom with the latest preliminary weekly estimates from the US Energy Information Administration (EIA) showing a record 3.0 million b/d. The main driver continues to be a wide discount for WTI crude versus other g…
Trans-Atlantic Crude Spread Gets Squeezed Read More »
The International Chamber of Shipping (ICS) has launched a new publication to endorse the recent adoption by the UN International Maritime Organization (IMO) of its ambitious strategy for phasing-out CO2 emissions from the international shipping sector…
Capesize The market generally drifted and by mid-week dropped to what some felt was an artificially low level, only to bounce back at the end of the week to better levels as more cargo was quoting in both the Pacific and Atlantic. Ore movements from We…
Dry Bulk Market: Capesize Index Drifts Read More »
As “slim pickings” is the norm in the wet markets this year, competition for cargoes in beginning to emerge across various classes and even between dirty and clean tankers. In its latest weekly report, shipbroker Gibson said that “it’s not unusual for …
VLCCs “Eating Up” Product Tankers’ Cargoes Read More »
In an important judgment issued on 15 June 2018 the English High Court held that a shipowner who misdelivered cargo to a third party without production of the bill of lading can still avail himself of the time bar protection prescribed by Article III R…