The tanker market has been facing geopolitical turbulence once again. In its latest weekly report, shipbroker Gibson said that “it has been another turbulent week in the oil and tanker markets. Whilst U.S. tariffs on Canada and Mexico were postponed fo…
Tanker Market Under Geopolitical Pressure Again Read More »
Greece is one of the maritime industry’s global powerhouses. Greek shipowners control over 20% of the global fleet and account for 60% of the EU-controlled fleet. The industry’s contribution to the Greek economy makes up 7% of the country’s GDP and whi…
Capesize The Capesize market experienced a generally softer week, with the 5TC declining to $6,733 by Thursday then edging back up to $6,964 by the end of the week. Despite the Pacific showing signs of strength with a healthy cargo flow and tightening …
Dry Bulk Shipping: Capesize Market Looking for a Revival Read More »
China’s LNG imports kept rising during 2024, following the trend of the previous years, but EU remains ahead. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade was increasing sharply until 2022, helped also by …
LNG Shipping Trade: China’s Imports Keep Increasing Read More »
The crude oil freight market remains highly volatile, with recent spikes in VLCC rates on the MEG-China route. While tonne-day demand growth has yet to show signs of recovery, market sentiment appears to be firming, driven by uncertainty surrounding oi…
Tanker – Weekly Market Monitor: Oil Flows Canada Read More »