Futures prices remained as volatile as their physical rate counterparts in August, which reflects the revised physical market expectations following the apparent surprise surge in rates from May into June. Key Points Asia-US West Coast to East Coast sp…
FBX Index September 2024: Looking forward Read More »
The crude tanker market is expected to benefit from an expected increase in crude oil supply in the coming years. In its latest weekly report, shipbroker Gibson said that “South America has been a major source of oil supply for decades. Traditional pro…
Tankers Expected to Benefit From Increased South American Oil Supply Read More »
Capesize The Capesize market saw a strong start to the week, particularly in the Pacific, where two of the three major miners became active, leading to a steady rise in the C5 route. However, as the week progressed, Pacific activity began to slow, with…
Dry Bulk Market: Capesize Market Shows Resilience Read More »
As long as the scrubber economics are favourable, we will see the domination of scrubber-fitted crude-carrying vessels in the orderbook. Currently, the orderbook comprises 201 tankers with the majority being Suezmaxes (as of July 2024). A substantial n…
Favourable scrubber economics driving the crude tanker orderbook Read More »
The EU has remained the world’s leading seaborne importer of LNG, cementing its leading position in 2024 as well, accounting for 22% of the global volume. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade has c…
LNG Shipping: EU’s Seaborne Import Dominance Continues into 2024 Read More »