Oil supply is expected to increase considerably during the course of 2022, providing tankers with a much needed support. In its latest weekly report, shipbroker Gibson said that “the decision by OPEC+ to raise output by another 400kbd in March came as …
Tankers: Oil Supply Boost Expected to Provide Support to the Market Read More »
Capesize The Capesize market traded sideways this week as the 5TC closed at $10,302, an improvement of +1384 over the week. Lunar New Year holidays ensured the market was more subdued with holidays across Asia. Fixture activity looked to increase towar…
Dry Bulk Market: Capesizes Trade Sideways Read More »
There have been some dramatic developments since the last edition of the Leading Maritime Cities of the World (LMC) report was published in 2019. For one, we have been living with the pandemic. Ships have been stuck in ports, seafarers have been maroon…
Leading Maritime Cities Playing A Key Role In The Green And Digital Shift Read More »
The tanker market isn’t expected to receive any sort of boost from the Chinese market, at least for the foreseeable future. In its latest weekly report, shipbroker Gibson said that “on February 1st China will enter the year of the tiger. 2021 saw total…
China Not a Positive Factor for Tankers at Present Read More »
Capesize The Capesize market looked to have found a bottom by week’s close as rates descended throughout before bouncing back a little at the end. The 5TC weighted average opened the week at $7,390, descended to a low of $5,826 before settling at week’…
Dry Bulk Market: Capesizes Find Bottom Read More »