Major changes are underway, as shipping needs to pick up the pace regarding its efforts to lower emissions from ships. In its latest weekly report, shipbroker Gibson said that “as dust settles on COP26, it is time to reflect on what has actually been a…
Shipping Expected to Do its Part to Reduce Emissions Read More »
Capesize The Capesize market closed out a generally underwhelming week with positive sentiment and an uptick in the final days with the 5TC lifting +2905 to settle at $29,938. Rates are down week on week and the routes appear to now be oscillating in a…
Dry Bulk Market: Capesizes End the Week on a High Read More »
On 11 November Hafnia Limited (Hafnia) announced that it will acquire Chemical Tankers Inc. (CTI) in an all-stock transaction. Hafnia will acquire all outstanding shares in CTI and in exchange CTI’s shareholders will receive shares in Hafnia representi…
Tanker owners are bound to benefit from more oil coming into the market from the start of 2022 onwards, as demand continues to recover. However, with plans around the world to move away from fossil fuels is bound to catch up in the long term. In its la…
Tankers: Oil Supply to Remain Limited, but Not For Long Read More »
Capesize The Capesize market rebounded briefly this week to provide some hope of a revival in rates after its recent October fall from heights. Early in the week all routes were seeing gains with the Capesize 5TC pricing up and over the 30k levels befo…
Dry Bulk Market: Capesize Market Offers Some Kind of Revival Read More »