The sudden rise in demand for biofuels is causing supply tightness in the soybean oil market, which is likely to persist until 2022. Alternatives such as sunflower oil will benefit from this situation. The year 2021 has been turbulent for the soybean o…
Supply tightness in soybean oil market making ways for sunflower oil Read More »
The rise of gas prices could act as a catalyst for oil demand and thus more cargoes for oil tankers, should more countries opt for oil-based supplies for their winter needs. A cold winter could also play its part. In its latest weekly report, shipbroke…
Gas Price Rally Could Trigger More Demand for Tankers Read More »
Capesize The Capesize market continued its assertive rally this past week reaching new highs in dramatic fashion. The Capesize 5TC opened the week at $53,240 and never looked like taking a backward step as it closed out the week a staggering $8,069 up …
Dry Bulk Market: Capesize Segment Keeps on Rallying Read More »
An International Maritime Organization (IMO) working group has made concrete progress in developing lifecycle GHG/carbon intensity guidelines (LCA guidelines), to be utilized when assessing the overall climate impact of new fuels, which shipping needs …
The tanker sector is about to witness a dramatic impact from the Dangote Refinery, currently under construction in Nigeria. The biggest refinery in Africa is expected to make its mark in the tanker market. In its latest weekly report, shipbroker Gibson…
New Mega-Refinery in Nigeria To Make Waves in the Tanker Market Read More »