The tanker market needs every good news it can get these days and the impending strategic petroleum reserve release seems to be a net prositive for it, even if not to the extent required to lift rates in a significant manner. In its latest weekly repor…
Tankers: Strategic Petroleum Reserve Release is Positive for the Tanker Market Read More »
Capesize Overall it was not a very active week, with limited fresh cargo support from either of the basins. The BCI and timecharter average started the week at a level close to 1800 points and $15,000, but remained in negative territory until a margina…
Dry Bulk Market: Capesize Market Not Very Active Read More »
The Clydebank Declaration was launched at COP26 in November 2021 with initial supporters including Australia, Belgium, Canada, Chile, Costa Rica, Denmark, Fiji, Finland, France, Germany, Ireland, Japan, the Republic of the Marshall Islands, the Netherl…
The dry bulk market has been a mixed bag in terms of performance over the past few weeks, although it should be said that the start of the second quarter of 2022 has been positive so far. In its latest weekly report, shipbroker Allied Shipbroking noted…
Dry Bulk Market: A Mixed Bag So Far Read More »
The container ship orderbook hit a post-financial crisis low just below 2m TEU in October 2020. In the eighteen months since then, liner operators have seen record profits and a large percentage of these have been poured into newbuilding contracts. “In…
Container ship orderbook hits 6.5m TEU for the first time since 2008 Read More »