China’s fourth quarter crude oil imports remain a conundrum. In theory, China’s refineries have ample import quota to utilize, should they need to increase imports. However, this development is far from certain at this point in time. In its latest week…
China Crude Oil Imports Could Trigger Tanker Market Upside During Fourth Quarter Read More »
Capesize The Capesize market reached new highs for the year this week, topping out at $34,896 on the 5TC. The quick ascension to these lofty heights has been met with an equivalent descent since Wednesday as the market shed value down to $29,479 by wee…
Dry Bulk Market: Capesize Market On New Heighs Read More »
“ This project invited players from the entire value chain to examine relevant safety aspects of marine batteries,” says Henrik Helgesen, Project Manager of the JDP and Senior Consultant at DNV GL. “It was the ideal setting to develop common guidelines…
Building battery confidence: Project unites stakeholders around battery fire facts Read More »
Tanker demolitions have not kept up with last year’s pace, adding to fears that a market recovery could take longer to take place. In its latest weekly report, shipbroker Gibson said that “since the beginning of last year less than 60 tankers over 25,0…
Tankers: Scrapping At Half of Last Year’s Level Read More »
Capesize Firm trading activity this week has pushed the Capesize 5TC up and over the $30000 level, reaching near new highs for the year. With the momentum and excitement in the market seen closing out the week there looks to be more to come. The Pacifi…
Dry Bulk Market: Capesizes Rally Ahead of Chinese Holiday Read More »