VLCCs of lower spec have endured the worst spot market of the past two decades, during the first half of 2021. In its latest weekly report, shipbroker Gibson said that “VLCC spot earnings averaged just $500/day on the benchmark TD3C trade during the 1s…
VLCC Spot Market Posts Lowest First Half Earnings in Two Decades Read More »
Container shipping: The boom in the container market is continuing with no sign of abatement in the near term. Container freight rates on some routes are close to USD 13,000 per 40-foot container, which almost guarantees record profitability for carrie…
Capesize The Capesize market endured a week of eroding value across all regions as the 5TC lowered $2,430 week on week to settle at $28,572. While the Pacific’s West Australia to Qingdao C5 route closed out Friday up 25 cents to $10.841, appetite from …
Dry Bulk Market Loses Steam Read More »
A recovery for the tanker market is long overdue, but it seems that owners could have to wait a little longer. In its latest weekly report, shipbroker Gibson said that “as global oil demand charts a path to recovery it is becoming increasingly clear th…
Tankers Could Face Lenghty Wait For Market Recovery Read More »
Head of Klaveness Research, Peter Lindstrøm shares his views on the main drivers of the current booming dry bulk market and why the dry bulk outlook is at a new peak, since the China boom. KCC, having around 65% of its capacity in the dry bulk market i…
Klaveness: “Higher earnings in dry bulk is not a false dawn, it’s only the predawn!” Read More »