Skyrocketing freight rates in the product tanker market, especially in the LR segment, are luring some charterers to use VLCCs for the CPP trade after tank cleaning. As most LRs carrying Middle Eastern diesel to Europe are passing through the Cape of G…
VLCCs might play spoilsport in the LR market Read More »
The CO2 Efficient Transport via Ocean (CETO) joint industry project (JiP) concluded recently with the release of a report setting out the findings of the Technology Qualification performed in the study. The project partners, which included Equinor, Gas…
The recent rise in the dry bulk freight market has reinforced shipowners’ “appetite” for more second hand bulkers. In its latest weekly report, shipbroker Banchero Costa said that “it was an active week in the bulker market: the Capesize IRON PHOENIX 1…
Dry Bulkers in Demand as Rates Move Higher Read More »
This week’s data highlights an increasing trend in VLCC available spot relet vessels to load in Ras Tanura in the next 30 days (left chart), coinciding with weakening AG-China freight market rates throughout June. This trend appears to be persist…
VLCC Supply Vs Baltic rates Read More »
The superior efficiency of electric deck systems makes them an increasingly attractive solution for bulk carrier operators amid rising costs and evolving regulations, says MacGregor. As a world-leading provider of maritime cargo- and load-handling solu…
MacGregor electric deck systems prove optimal for bulk carrier operations Read More »