The tanker market could be impacted by Venezuela’s oil supply moving forward. In its latest weekly report, shipbroker Gibson said that “despite a partial lifting of sanctions against Venezuela in October last year, the US is now set to reimpose sanctio…
Tanker Market and Venezuela’s Oil Read More »
Capesize Throughout the week, the capesize market experienced a mix of subdued and positive conditions across different regions. The Pacific started with a marginal decline in rates on C5 due to a lack of coal enquiry and port closures in North China c…
Dry Bulk Market: A Mixed Bag For Capesizes This Past Week Read More »
This year 2024 marks a milestone in the acceleration of digitalization in shipping – the mandatory “Maritime Single Window”. The requirement under the Convention on Facilitation of International Maritime Traffic (FAL), requires Governments to use a sin…
Maritime Single Window – advancing digitalization in shipping Read More »
The dry bulk market benefited from an increase in Chinese iron ore imports, most notably an increase in ton-mile demand. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a very positive year for global iron ore trade. In Jan-D…
China Iron Ore Imports Lift Global Iron Ore Trade in 2023 Read More »
The conclusion of January presents an intriguing perspective on freight rates for LR2 clean product tankers, with recent rate spikes expected to persist into February due to heightened concerns in the Red Sea, influencing cargo deviations. A thorough a…