Crude tanker stocks approach record highs as rates frenzy drives market
Seven New York-listed owners strike 52-week peaks on high-volume trading
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Tanker Market To Gain Further Impetus From Rising Oil Output in America
Despite the ongoing tension in Hormuz, a series of new developments could offer further oil cargoes from countries like Canada, Mexico and Venezuela, providing new tanker market support. In its latest weekly report, shipbroker Intermodal said that “las…
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Crude Tanker Rates Reach Record Levels
Clarksons Research, the data and intelligence arm of the Clarksons Group, have reported all-time highs for crude transportation costs following further disruption in the Middle East Gulf region. Reviewing the all-time high rates for crude tankers, Stev…
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Capesize Market Review: Brazil’s Ore Corridors, the El Niño Rainfall Divide, and Contracting Against the C3
C3 route performance into the third-quarter close With the third quarter nearing its close, the focus remains on C3 route performance, the spotlight of the Week 36 Dry Market Monitor. This review adds the developing north–south rainfall contrast across…
‘Merchants of chaos’: Experts say Houthis not likely to limit targets to Saudi ships after land grab
Militant group’s new positions allow it to use less-sophisticated weaponry to attack shipping