Inflationary pressure is already having an impact on the tanker sector, from newbuilding and secondhand tanker prices, to the cost of capital for ship financing. In its latest weekly report, shipbroker Gibson said that “concerns over growing inflationa…
Inflationary Pressures Could Impact the Tanker Sector Read More »
In recent years, satellites have become a crucial ally for cargo ships, submarines, and other maritime vessels. When land communications are down, due to issues like system failure, unfavorable weather conditions, or even a natural disaster, satellites…
SatComms in The Cargo Ship Industry: How Can It Improve Efficiency And Connectivity? Read More »
Capesize The Capesize market broke out of its recent range this week as the 5TC peaked on Thursday before easing Friday slightly down at $36,150. The Pacific routes strengthened throughout the week but softened abruptly on Friday for the Transpacific C…
Dry Bulk Market: Capesize Market on the Rise Again Read More »
China’s drive to lower emissions, is expected to have a negative impact on crude oil imports from private refineries. As a result, tanker demand growth could be lower in the months to come. In its latest weekly report, shipbroker Gibson said that “the …
China’s Crackdown on Excess Capacity to Impact Crude Oil Imports Read More »
Capesize The Capesize market strengthened this week as Pacific routes were affected by weather incidents pushing the 5TC up $3,244 week on week to settle at $35,713. China endured typhoon In-Fa throughout the week as it closed ports and disrupted tonna…
Dry Bulk Market: Capesize Segment Strengthens Read More »