The increasing needs of crude oil imports into the EU, sourced from different markets to the Russian one, is bringing producers like Guyana to the foray. This development is already proving to offer a boost in specific tanker classes, like Suezmaxes an…
Suezmax and VLCC Tonnage to Benefit from EU Imports of Guyanese Crude Read More »
Capesize The market continued to lurch its way upward as rates strengthened in flurries with numerous drawdowns along the way. The 5TC closed the week at $18,293 with strong positive sentiment remaining. The Atlantic had several fixtures out of Eastern…
Dry Bulk Market: Capesizes Keep Rebounding Read More »
The world again needs the shipping industry to brave the rough seas of crises, UNCTAD Secretary-General Rebeca Grynspan said on 22 September as she addressed the Global Maritime Forum’s annual summit. Speaking at a New York navy yard dubbed the “can-do…
World needs maritime trade to brave rough seas of crises, UNCTAD chief says Read More »
The US government has passed an important bill for the energy market last month, which is expected to have a significant impact in the market. In its latest weekly report, shipbroker Gibson said that “after many months of intense political negotiations…
Looking at US’s Inflation Reduction Act Read More »
Capesize The Capesize market made a revival this week, taking fortunes out of the red by rising the tide on values to be closer to the low-teens level on the 5TC. Far from being into smooth-sailing territory yet, the market doesn’t seem quite ready to …
Dry Bulk Market: Capesize Market Recovered Lost Ground This Week Read More »