An increase in ton-mile demand is to be expected from news mid-week, that India is looking to change its crude import strategy. In its latest weekly report, shipbroker Gibson commented on the matter that “India is in a unique position. The country will…
India’s Crude Import Strategy to Benefit the Tanker Market Read More »
C apesize It was another rollercoaster week with high activity on the west Australia and Brazil to China routes. The Capesize 5TC opened the week at $14,794 to move quickly up to $17,889 at midweek before tailing off towards the weekend at $16,741. Whi…
Dry Bulk Market: Capesize Market Edges Higher Read More »
In a recent decision¹ by Admiralty Registrar Davison², in a case in which WFW acted for the successful shipowner, the Admiralty Court has helpfully confirmed that claims against bareboat (demise) charterers can only be enforced against the ship in resp…
Know your debtor: ship arrests for claims against bareboat charterers Read More »
While the latest OPEC’s decision regarding oil supply, could lead to more “pain” for the tanker market, it could provide for long-term benefits. In its latest weekly report, shipbroker Gibson said that “this past week’s new that OPEC+ would keep produc…
Tankers: Long Term Prospects Could Be Rosier Read More »
Capesize The market has surged during the last couple of days of the week to trade in the upper region of its recent range. Gaining $920 on the last trading day of the week the Capesize 5TC settled at $14,794, which reflected the solid trading activity…
Dry Bulk Market: Capesizes End the Week on a Strong Note Read More »