The tanker market showed mixed performance during the month of May, but June is expected to be a completely different story. In its latest monthly report, OPEC said that dirty tanker spot freight rates saw mixed movements in May. Aframax and Suezmax ra…
OPEC: Tanker Market Showed Mixed Performance in May Read More »
Spot rates on the East-West routes are the most volatile; rates on intra-Asia routes the most stable. So, what are the implications for shippers? More than five years have passed since the huge shipping disruptions, damaging port congestion and cost sp…
Cost volatility in shipping – a growing risk for shippers Read More »
The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC) enters into force on 26 June 2025 and requires existing vessels of 500 GT and above to have on board an International Certificate on Inventory of Haz…
Hong Kong Convention and how to obtain IHM certification for ship recycling Read More »
With the threat of the closure of the Hormuz Strait gaining substantial ground after the weekend’s developments, it’s safe to say that any analysis about the tanker market can immediately become obsolete. This is further testament to the volatile natur…
Tanker Market Caught in War and Geopolitics “Fever” Read More »
Capesize The Capesize market trended downward this week, with sentiment consistently softening, particularly in the Pacific. C5 rates came under pressure as iron ore volumes from West Australia declined. While coal cargoes from East Australia offered s…
Dry Bulk Market: Capesize Market on the Back Foot Last Week Read More »