Shipping is eagerly awaiting for the impact of OPEC’s decision in the oil market and subsequently the crude tanker market. In its latest weekly report, shipbroker Gibson said that “a year ago, US crude production reached its highest level ever, averagi…
Tanker Market Looking for Direction Post-OPEC+ Read More »
Capesize The Capesize market continued its meandering behaviour this week as the 5TC opened at $12,712. It weakened throughout the week before reviving to close up Friday at $12,606. It was a varied market across the globe with some pockets of tightnes…
Dry Bulk Market: Capesize Market Again Livens Up By Week End Read More »
Since the beginning of November, stock markets across the globe have rallied after the apparent Biden win, and yet again after the vaccine announcements by Pfizer-BioNtech, Moderna and AstraZeneca-Oxford University. Nonetheless, in our view, a vaccine …
Container shipping equities: what is the current state of affairs? Read More »
The tanker market could soon receive some much welcome boost from China’s financial recovery. In its latest weekly report, shipbroker Gibson said that “Chinese crude imports have continued to set new records this year, peaking at 11.7 million b/d in Ju…
China’s Economic Recovery Bodes Well For Tanker Demand Read More »
Capesize The Capesize market this week continued its recent range bound sideways drift hitting a low of $11,996 Tuesday on the 5TC, before closing the week out at $12,712. While the Pacific had more of a muted week, the Atlantic basin stepped up its ac…
Dry Bulk Market: Capesize Market Bounces Back By the End of the Week Read More »