Tanker market participants are waiting for the 2024 crude oil supply strategy, from OPEC members and other major producers. In its latest weekly report, shipbroker Gibson said that ‘as we edge closer to 2024, oil markets have increasingly begun to ques…
Crude Oil Supply: A Delicate Balance Ahead Read More »
Capesize For the first half of the week, the market faced subdued activity, particularly in the Pacific with a slight downward movement on rates on C5. The Atlantic market also experienced limited activity, with discussions on C3 reflecting a somewhat …
Dry Bulk Market: Capesizes Record Third Weekly Gain Read More »
The Drewry LNG Shipping Equity Index declined 7.5% YTD (as of 16 November 2023), underperforming the S&P 500, which surged 17.4% during the same period. The share prices of Nakilat fell 7.4%, Flex LNG 5.4% and Golar LNG 4.6% YTD, while in the last …
Drewry: LNG Shipping Equity Index Down 7.5% This Year Read More »
Iron ore imports from the EU have been on the decline, with 2023 proving to be no exception. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been so far a positive year for global iron ore trade. In Jan-Oct 2023, global loadi…
EU’s Iron Ore Imports Down Again This Year Read More »
In the last week of November, the crude oil freight market showed continued weakness in sentiment, although earlier expectations pointed to a recovery in the very large crude carrier (VLCC) segment. At present, the market appears to be struggling to fi…