It seems that the added influx of crude oil cargoes in China, as a result of the increased power of the so called “teapot” refiners is bound to wane. In its latest weekly report, shipbroker Gibson noted that “it has been three years since the Chinese g…
Tanker Market and Chinese Independent Refiners: Is there Hope? Read More »
Capesize It was a week of two halves, with very slow trading initially spooking some owners/operators resulting in easier numbers across most areas. In the East, the miners were absent earlier and rates on the West Australia/China run slipped to the lo…
Dry Bulk Market: A Week of Two Halves for Capesizes Read More »
An “always accessible” berth warranty is often used by an owner to transfer the risk of delays in berthing to a charterer. The Commercial Court has now settled the debate as to whether that warranty also transfers the risk of delays in departing the be…
“Always accessible”: arrival, departure or both? Read More »
Just as the shipping industry was looking for signs of further trade growth rebound and was hoping for an improvement over the initially modest predictions for the 2018-2019 pace of rate increase, reality kicked in, in the form of renewed trade tension…
Global Economy and Trade Tensions Are Bound to Find their Way Into Shipping as Well Read More »
The Mediterranean market stands, in our view, as a growth story for tanker demand, indicated in our 2018-2022 Tanker Market Outlook in the context of rising crude production in the Caspian Sea and Libya. Although confident in growth, we also understood…
Rough Seas on the Route to Recovery Read More »