OPEC’s decision to move ahead with significant oil production cuts, will add pressure to the tanker market as well. However, according to shipbroker Gibson, any downward pressure will likely be a product of lower demand, rather than supply. In its late…
Tanker Market’s Course to be Determined By Demand, Not Supply says Shipbroker Read More »
Capesize The Capesize market softened this week as a lack of fresh cargo and activity, particularly in the Atlantic hampered, efforts to push higher. The Capesize 5TC lowered 1909 over the week to settle at $17,965. A small uptick in sentiment to end t…
Dry Bulk Market Softens This Week Read More »
Volatile path to lower freight rates in near term before recovering in late 2023 with regulation impact on supply and gradual demand recovery Summary Dry bulker earnings have continued to fall over the last three months after a brief rebound in the ear…
Shipping market outlook – Container vs Dry bulk: Q3 2022 update Read More »
The gradual electrification of the global vehicle fleet could bring a structural shift in the tanker market in the long run. But, will that be the case? In its latest weekly report, shipbroker Gibson said that “electric vehicles (EVs) can rightfully cl…
Can The Transition Towards EVs Hurt the Tanker Market? Read More »
Capesize The Capesize market inched higher this week as increased activity continues to lift expectations with the 5TC closing at $19,874, up 3,660 over the week. The Atlantic remains the more optimistic region. However, closing the week it looks like …
Dry Bulk Market: Capesizes Edge Higher This Week Read More »