The price for a modern VLCC has been hovering near record levels over the past few months.In its latest weekly report, shipbroker Gibson said that “VLCC asset prices appear to be caught in a paradoxical market scenario. While conventional market sentim…
Tankers: Are VLCCs Overpriced? Read More »
Capesize Following the UK Bank holiday, Tuesday marked a strong start for the Capesize market with rising rates in both the Pacific and Atlantic regions, driven by increased miner activity and healthy cargo volumes particularly in the Pacific. The C5 i…
Dry Bulk Market: Capesize Market Posts Strong Bounce This Week Read More »
Overall, most FBX routes saw increases in both spot prices and forward curve rates. Increased demand in Asia-European trades, coupled with ongoing Red Sea diversions and geopolitical tensions, likely contributed to these rises, although tensions eased …
FBX Index May 2024: Looking forward Read More »
Global seaborne LNG trade kept its upwards momentum during the first quarter of 2024, with Australia retaining its no2 spot, among the biggest exporters. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade has co…
First Quarter Australian LNG Exports Rose Along With the Rest of the Market Read More »
The flow of tonnes of dirty oil to China from global sources has seen a notable downturn, particularly impacting the Russian Federation, which has experienced a consistent decline since the first quarter of the year. As May began, signs of improvement …
Dirty Oil Flows to China Read More »