Capesize The Capesize market began the week at the summit of the recent rally. This necessitated a breather before sentiment strengthened, helping it to push up throughout the week and marking new highs for the year. The Capesize 5TC rose +$4,805 over …
Dry Bulk Market: Capesizes On the March For Yet Another Week Read More »
A discrepancy between actual and benchmark VLCC earnings is starting to take shape, perhaps even explaining the low rhythm of tanker scrappings. In its latest weekly report, shipbroker Gibson said that “spot VLCC earnings were in the negative territory…
Capesize The Capesize market had the wind in its sails as rates jumped in all regions. The 5TC ended the week at $32,733, a rise of 8731 week on week. While the Shanghai Covid situation continues to hamper vessel movements across all sectors, the Capes…
Dry Bulk Market: Capesize Market Jumps Across the Board Read More »
If you’ve never lived near a port or worked in one, you may be unaware of the vital role they play in our lives. Most of the products we consume daily travel through ports, making them a key link in the global production and supply chains we rely on. “…
Why ports are at the heart of sustainable development Read More »
An expected boost of refining activity across the globe is expected to boost demand for product tankers in the coming months. In its latest weekly report, shipbroker Gibson said that “in recent weeks, headline refining margins have surged to record lev…
Product Tankers: Growth of Refining Activity Expected to Support Freight Rate Market Read More »