Product tanker stocks have climbed in the last month (23 October to 25 November) mainly driven by a rally in the global equity markets and seasonal strengthening of product tanker freight rates. DMFR product tanker index rose 16.9% since 30 October, wh…
Rally in product tanker stocks to be short-lived Read More »
Capesize The Capesize market continued its meandering behaviour this week as the 5TC opened at $12,712. It weakened throughout the week before reviving to close up Friday at $12,606. It was a varied market across the globe with some pockets of tightnes…
Dry Bulk Market: Capesize Market Again Livens Up By Week End Read More »
Since the beginning of November, stock markets across the globe have rallied after the apparent Biden win, and yet again after the vaccine announcements by Pfizer-BioNtech, Moderna and AstraZeneca-Oxford University. Nonetheless, in our view, a vaccine …
Container shipping equities: what is the current state of affairs? Read More »
VLSFO prices have risen by $75/ton in just 30 days; the previous talk about a Covid-19 vaccine and a corresponding sharp rise in oil prices has now become a reality. In the past few weeks, we have had the very big news of 3 successful Covid-19 vaccine …
An early vaccine for Covid-19 would be a mixed blessing for the shipping industry, according to an industry analyst. Demand is expected to spike with the arrival of a vaccine through a combination of less supply disruptions, a return to re-stocking in …
Shipping: Mixed blessing of early vaccine Read More »