The tanker market seems to finally be heading out of the storm, but still 2021 proved to be a rather challenging year. In its latest weekly report, shipbroker Gibson said that “although freight levels in some shipping sectors reached breath-taking high…
2021: A Year to Forget for the Tanker Market Read More »
We thought it might take 6 months for crude to fall $10, but it only took a few days! Things tend happen a lot faster in the market than we typically expect, and the past month has definitely been one of those periods. In mid-November we wrote about pr…
Not all price falls are equal, and certainly not in bunkers Read More »
Capesize The Capesize market moved sharply lower this week with both the overall index and the average of the five timecharter routes declining over 2100 points and $17,422, compared with last Friday, closing the week at 2727 and $22,613 respectively. …
Dry Bulk Market: Capesize Market Has Worst Week in Years Read More »
LNG bunker fuels are gaining traction as a way to reduce emissions “right here and right now” among many members of the shipping community. However, it’s only ever going to be a bridging fuel. In its latest weekly report, Gibson said that “the world is…
LNG Bunker Fuels Are Only Transitionary: Will Hydrogen Take Over in the Long Run? Read More »
Capesize The Capesize market peaked mid-week from its recent rally as the 5TC marked down -$1344 on the last day of the week to settle at $40,035. A tonnage tightness in several positions, particularly in the north Atlantic, led to gains early on in th…
Dry Bulk Market: Capesize Segment Latest Rally Seems to Have Peaked Read More »