The tanker market could find support from the potential return to the market of Iran, Venezuela and of course shale oil in the US. In its latest weekly report, shipbroker Gibson said that “despite recent cold weather in Texas disrupting oil and gas pro…
A Glimmer of Hope for Tankers? Read More »
Capesize The market took on a mild downward slide during this week with the 5TC opening at $14,224 to close out at $11,934. The Pacific basin on its own showed a little more stability, remaining largely flat on the transpacific C10 and ending the week …
Dry Bulk Market: Capesizes Experience Mild Downward Slide This Week Read More »
It was a clear February night off the port of Jebel Ali, UAE in 2015. The conditions were benign, and visibility was good. EVER SMART, a large container ship owned by Evergreen and insured by Gard, was proceeding up a narrow channel which connects the …
Evergreen wins landmark collision case in UK’s Supreme Court Read More »
2020 was more than a challenging year for the shipping industry. Theofilos Xenakoudis, Director, Worldwide Business Operations for the RMI Registry and Managing Director of the Piraeus office, says that the Registry managed to receive its best ever ran…
LPG shipping rates have seen what can only be called a dramatic start to the year. The steep gains, followed by the freefall have dwarfed the volatility seen in 2020. As we move deeper into 1Q21, and China comes back into the picture after a long holid…
LPG shipping rates: the rise… and the fall Read More »