The tanker market is yet again caught in a “sea” of sanctions and changes. In its latest weekly report, shipbroker Gibson highlighted that “earlier this week, news emerged that one of the major port operators in China’s Shandong Province, Shandong Port…
Capesize The Capesize market experienced a turbulent week, beginning with notable softness but regaining momentum by Thursday and closing on a positive trajectory. The 5TC average started at $10,696 per day, dropped to $9,123 per day midweek, and rebou…
Dry Bulk Shipping: Capesize Market Begins 2025 in Turbulence Read More »
In the recent decision in Lord Marine Co SA -v- Vimeksim SRB DOO (Lord Hassan) [2024] EWHC 3305 (Comm), which the court has described as a paradigm case in which a sale should be ordered, the court has further considered its powers in support of arbitr…
Re-examining the right to force a cargo sale Read More »
Global seaborne crude oil loadings were mostly flat during 2024. In its latest weekly report, shipbroker Banchero Costa said that “after a positive 2023, when global crude oil loadings increased by +4.6% y-o-y, things got quieter in 2024. In Jan-Dec 20…
Tankers: Flat US Crude Oil Exports Underscore Modest 2024 Read More »
This week’s focus highlights a downward trend in the AG supply of VLCC tankers (both spot/relet and contract), compared to the highs observed in October 2024. For the spot relet market, the performance of Baltic rates has not been fueling expectations …
Tanker – Weekly Market Monitor: Dirty Tonne Days VLCC Read More »