With Russian crude banned from EU, it’s already evident that BRICS members are bound to make up the bulk of Russia’s energy exports in the near future. In its latest weekly report, shipbroker Gibson said that “in response to Western sanctions, Presiden…
Tankers: Ton/Mile Demand Expected to Increase Read More »
Capesize A mild week for the Capesize sector saw rates trundling sideways with small pockets of encouragement. However, there was nothing to initiate a push out of the recent trading range as the 5TC softened 130 week-on-week to settle at $19,745. A br…
Dry Bulk Market: Softness Across the Board Read More »
Tightness in products still trumps talks of recession Last month we wrote about the fears of recession versus the tightness in product markets and that tightness in products was definitely ‘winning’. Another month on and it’s oil products that are agai…
Why are VLSFO prices so high, especially in Singapore? Read More »
Smaller tanker sizes, like Aframaxes and Suezmaxes are expected to be the main beneficiaries of Europe’s shifting of its oil imports. In its latest weekly report, shipbroker Gibson said that “in recent months triple digit oil prices have become a new r…
Aframaxes and Suezmaxes Expected to Gain From Europe’s Oil Imports After Russian Oil Ban Read More »
Capesize The Capesize market was unable to carry the rally from last week as rates were seen to dip sharply this week with the 5TC down 4901 to $19,875. Trade activity throughout the week came in fits and starts with the market struggling to settle. Wh…
Dry Bulk Market: Capesizes Stall, as Sentiment Softens Across the Board Read More »