Capesize It was only on Thursday that the Capesize 5TC climbed to positive territory and became closer to $25,000. But the correction or Friday eventually settled the week at $24,652. In the Pacific, there was more resistance from owners towards the en…
Dry Bulk Market: Capesize Market on Correction Mode Read More »
Growing global demand for commodities and a sluggish newbuild market up until 2023 have set the stage for bullish growth in the bulker market in the coming years. Bulker owners are taking advantage of these favourable market conditions and starting to …
Positive outlook for bulkers as demand outpaces supply Read More »
US crude oil exports have kept growing during the first half of 2024, with European and Asian destinations dominating the trade. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade…
Tankers: US Crude Oil Exports Keep Growing In 2024 Read More »
Hot off the heels of the phased introduction of the EU Emission Trading Scheme for shipping, the industry is bracing itself for the impending impact of FuelEU Maritime. This new regulation, set to be enforced from January 1, 2025, mandates significant …
FuelEU storm brewing for shipping Read More »
This week’s chart underscores the decline in the growth of crude oil shipments to China from all origin countries during the second quarter of the year, with the monthly quantity in June recording an 8% drop compared to the same month in the prev…
Dirty & Clean Tonne Days Read More »