The tanker market’s biggest threat at present could be a looming recession, which could further hurt oil demand. On the other hand, an increase in ton-mile demand, at least for the short and mid-term could act as a counterbalance, with slowsteaming ent…
Will a Recession Bring Tanker Demand Down? Read More »
Capesize The Capesize market had a forgettable week for owners as rates slipped away, closing the week below $15,000 on the 5TC. The Pacific and Backhaul trade saw some particularly sharp declines as charterers took full advantage of the weaker sentime…
Dry Bulk Market: Capesizes Had a Forgettable Week Read More »
Japan’s LNG imports may be jeopardised by a recent decree signed by the Russian president to give complete control of Sakhalin II (9.6 mtpa) to a new Gazprom subsidiary – Gazprom Sakhalin Holding. In response, Japan will have to use several count…
Russian decree on Sakhalin II threatens Japan’s LNG imports Read More »
Tanker values have surged to decade highs, on the back of strong earnings in the spot market. In its latest weekly report, shipbroker Gibson said that “over the past few years tanker owners have watched containership values surge to unbelievable levels…
Tanker Prices Reach 10-Year Highs Read More »
Capesize The Capesize market lost ground throughout the week with the average of the five time charter routes trending down from $21,526 on Monday to $17,255 on Friday. The west Australia to Qingdao route lost $1 over the week, with fixtures at $9.75 a…
Dry Bulk Market: Capesize Lose Ground During the Week Read More »