European demand for product tankers could increase over the winter. In its latest weekly report, shipbroker Gibson said that “the European oil demand outlook is back in focus ahead of this winter, as continued macroeconomic developments cast a shadow o…
Long Range Tanker Rates Could Find Added Support This Coming Winter Read More »
Capesize The week commenced with a subdued market due to Singapore’s Diwali holiday. However, the Pacific region saw a positive turn on Tuesday, marked by increased trading volumes and improved fixtures on C5, supported by a solid volume of coal …
Dry Bulk Market: Capesizes On a Roll Read More »
A progress report from the Silk Alliance projects a strong and increasing demand for methanol and ammonia from 2030 onwards. It estimates more than 3 million tonnes of clean methanol and a minimum of 280,000 tonnes of clean ammonia will be required by …
The tanker market has been on the rise during the month of October, according to OPEC’s latest monthly report. Dirty freight rates began to recover in October as refiners started preparing for winter demand following maintenance in 3Q23. Gains were con…
Tanker Market on the Rise Read More »
As the shipping industry confronts the climate challenge, the evolution of business models becomes imperative, according to Danish Ship Finance. In its latest Shipping Market Review, the shipping loan provider warned that traditional tonnage providers …
Evolution of shipping’s commercial models Read More »