Capesize As one of the more wild weeks in the first quarter for the Capesize comes to an end, the market feels more like it’s in reprieve mood contemplating what comes next. From last Friday at $10,304, the Capesize 5TC reached a high on Wednesday of $…
Dry Bulk Market: Capesizes Move Forward as Strong Demand Emerges Read More »
Chinese refiners are expected to take the global lead in the coming years, capacity-wise. This dominance could lead to new trade patterns in the crude tanker market. In its latest weekly report, shipbroker Gibson said that “the crude oil sector has exp…
A Shifting Refinery Landscape Could Lead to New Tanker Routes Read More »
Capesize The market was predictably quiet by the end of the week with many traders absent for the beginning of Chinese New Year. The Capesize 5TC registered a token drop of eight to settle at $10,304 as minimal trading was heard. It’s said to be a diff…
Capesize Market Quietens Down Read More »
With the softening of peak LNG winter demand in Asia, we believe the spotlight is back on supply and demand fundamentals of LNG shipping. LNG spot prices have nosedived after surging in December and early January as winter demand is receding. LNG spot …
Why are LNG shipping stocks retreating after a brief surge? Read More »
The VLCC tanker market shouldn’t have high hopes, when it comes to more capacity for crude oil exports from the US market. In its latest weekly report, shipbroker Gibson said that “with everything the pandemic has thrown at the oil industry, the last t…
VLCCs Shouldn’t Expect Much When it Comes to US Gulf Export Prospects Read More »