The global seaborne crude oil market trade “map” is being radically redesigned these days, which is expected to have a significant impact on the tanker market. In its latest weekly report, shipbroker Gibson commented that “this year’s events have been …
East Dominates Russian Crude Oil Flows, as EU Scrambles to Find New Oil Markets Read More »
Capesize Overall the market was active in both basins, especially with more fixtures reported from the North Atlantic in midweek. With limited cargo interest at the beginning of the week rates remained negative. The West Australia to Qingdao trade fail…
Dry Bulk Market: Capesizes Rebound As the Week Ends Read More »
In 1Q22, the supportive macroeconomic environment, which was backed by the strong consumer demand, was challenged suddenly by the war between Russia and Ukraine. Initially, liner stocks were resilient given the marginal contribution of both Russia and …
Drewry container equity index snapped its three-year long winning streak in 1H22 Read More »
With Russian crude banned from EU, it’s already evident that BRICS members are bound to make up the bulk of Russia’s energy exports in the near future. In its latest weekly report, shipbroker Gibson said that “in response to Western sanctions, Presiden…
Tankers: Ton/Mile Demand Expected to Increase Read More »
Capesize A mild week for the Capesize sector saw rates trundling sideways with small pockets of encouragement. However, there was nothing to initiate a push out of the recent trading range as the 5TC softened 130 week-on-week to settle at $19,745. A br…
Dry Bulk Market: Softness Across the Board Read More »