The tanker sector is about to witness a dramatic impact from the Dangote Refinery, currently under construction in Nigeria. The biggest refinery in Africa is expected to make its mark in the tanker market. In its latest weekly report, shipbroker Gibson…
New Mega-Refinery in Nigeria To Make Waves in the Tanker Market Read More »
Capesize Both the overall index and the time charter average jolted significantly higher on Monday, reaching new highs for the year while also closing in on the market highs of 2010. With the surge of C5 west Australia to Qingdao run and the relevant t…
Dry Bulk Market: Capesizes Reach New Year-High Levels Read More »
As we all turned the calendar to the year 2021, many shared a sense of optimism about the prospects of a new year. The high efficacy rates and increasing distribution of multiple COVID-19 vaccines were expected to eventually help reopen economies and j…
Shifting supply chains to mitigate acute port congestion: A sustainable solution? Read More »
Investment in tanker newbuildings is surprisingly, quite robust so far in 2021, considering the sorry state of most tanker trades. In its latest weekly report, shipbroker Gibson said that “this year has seen an impressive surge in commodity prices. Ste…
Capesize The Capesize market staged a dramatic turnabout at weeks end after seeing several days of value eroded off each route in the market. Closing last week at $46,647 the market took losses down to $40,518 before surging +5021 on Friday to close th…
Dry Bulk Market: Capesizes Stage Strong Comeback Read More »