The sky’s the limit” for the use of derivatives in the shipping industry, according to finance expert and academic Professor Nikos Nomikos. Speaking at a jointly hosted Baltic Exchange and Institute of Chartered Shipbrokers’ webinar, Nomikos, a profess…
‘Sky’s the limit’ for shipping derivatives Read More »
The Xeneta Shipping Index (XSI®) has posted its biggest global increase in 18 months – just days before many US shippers begin negotiations over new long term contracts. The global XSI®, which calls upon Xeneta’s crowdsourced data to measure the averag…
Tanker ordering activity has continued to dominate newbuilding contracts over the past week. In its latest weekly report, shipbroker Intermodal said that “this week saw more tanker orders as low orderbooks and high freight rates encourage owners to ord…
Tanker Newbuilding Orders Going Strong Read More »
Supply/demand balance For crude tankers, we forecast that the supply/demand balance will tighten further during both 2024 and 2025. Low fleet growth, along with increasing sailing distances, create the foundation for the improvement despite a slowing o…
BIMCO: Tanker Market strengthens despite slowing oil demand growth Read More »
The Aframax dirty tonne days experienced a significant surge in growth starting from mid-January, particularly in the route from the Mediterranean to the Baltic/Black Sea. By the end of February, the freight market sentiment once again showed weakness …
Aframax dirty tonne days from Med/UK Continent to the Baltic / Black Sea Read More »