The floating oil storage sector has undergone marked fluctuations since 2020, attributable to global economic circumstances, geopolitical tensions, and evolving market forces. Principal determinants affecting storage utilization encompass the COVID-19 …
Floating Oil Storage Trends Read More »
The tanker market could be in for a boon in the years to come, if US plans come into fruition. In its latest weekly report, shipbroker Gibson said that “a few years ago, the VLCC market buzzed with talks of new offshore export terminals capable of full…
VLCC Market Could See Cargo Supply Increase Significantly in the Coming Years Read More »
Capesize The Capesize Timecharter Average (C5TC) experienced a decline of $1,507 week-on-week, settling at $22,190 on Friday. In the North Atlantic, a few INL breaching fronthaul cargoes with mid-April loading were fixed, reflecting $42,313 on the C9 r…
Dry Bulk Market: Capesize Sector Corrected Last Week Read More »
Maritime energy transition The IMO’s April meeting of its Marine Environment Protection Committee (MEPC) is intended to continue the review of existing short-term measures, decide on mid-term measures, and prepare strategies to manage some of the turbu…
MEPC 83 – crunch time on various fronts but consensus on a probable outcome Read More »
Despite the rising trade tensions, China is still the main destination for US soybeans. In its latest weekly report, shipbroker Banchero Costa said that “total seaborne exports of soybeans in calendar (Jan-Dec) 2024 declined by -5.0% year-on-year to 14…
Dry Bulk Shipping: China The Dominant Market for US Soybeans Read More »