The tanker market could be headed for a significant leg of growth in the coming years, as a result of India’s gradual emergence, as a major player in the global economy, which in turn is fueling its oil and refining needs. In its latest weekly report, …
Tankers: The Next Growth Cycle Can Be Fueled By India Read More »
Capesize Throughout the week, the capes witnessed a notable increase in activity after a slow start. This uptick is evidenced by the BCI 5TC, which commenced at $20,378 on Monday, experienced a slight dip on Tuesday, and rose to $26,079 by Friday’…
Dry Bulk Market: Capesize Rates Strengthen Read More »
The recent rise in reefer shipping rates is expected to prove short lived, as the trade adjusts to the rerouting of vessels and excess containership capacity is deployed to support longer transit times. While the subsequent re-routing of cargoes contin…
Reefer shipping rates rise to be temporary as excess capacity plugs gaps Read More »
The crude tanker market has been reshaped as a result of India’s emergence as a major destination for Russian crude. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade, despite th…
Tankers Market: India a Major Player for Seaborne Crude Oil Tanker Trade Read More »
High freight rates and robust global demand for oil and its derivatives are putting tanker owners in a great mood and consequently, after a notable uptick in 2023, the surge in tanker newbuild activity shows no signs of abating in 2024. A confluence of…
Urgent need for newbuild tanker orders Read More »