2020 was more than a challenging year for the shipping industry. Theofilos Xenakoudis, Director, Worldwide Business Operations for the RMI Registry and Managing Director of the Piraeus office, says that the Registry managed to receive its best ever ran…
LPG shipping rates have seen what can only be called a dramatic start to the year. The steep gains, followed by the freefall have dwarfed the volatility seen in 2020. As we move deeper into 1Q21, and China comes back into the picture after a long holid…
LPG shipping rates: the rise… and the fall Read More »
Capesize As one of the more wild weeks in the first quarter for the Capesize comes to an end, the market feels more like it’s in reprieve mood contemplating what comes next. From last Friday at $10,304, the Capesize 5TC reached a high on Wednesday of $…
Dry Bulk Market: Capesizes Move Forward as Strong Demand Emerges Read More »
Chinese refiners are expected to take the global lead in the coming years, capacity-wise. This dominance could lead to new trade patterns in the crude tanker market. In its latest weekly report, shipbroker Gibson said that “the crude oil sector has exp…
A Shifting Refinery Landscape Could Lead to New Tanker Routes Read More »
Capesize The market was predictably quiet by the end of the week with many traders absent for the beginning of Chinese New Year. The Capesize 5TC registered a token drop of eight to settle at $10,304 as minimal trading was heard. It’s said to be a diff…
Capesize Market Quietens Down Read More »