Bourbon gets one-year delay on bond payment
French offshore vessel owner’s next interest payment of EUR 3.9m ($4.8m) has been deferred by one year as it faces debt of over EUR 1bn.
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Trump Rails Against Oil Prices, OPEC Pushes Back
U.S. President Donald Trump accused OPEC on Friday of “artificially” boosting oil prices, drawing rebukes from some of the world’s top energy exporters.”Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully …
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Ship owners Active on Specialized Product Markets Are Finding Themselves Cornered These Days
The market for specialized trades has taken a turn for the worst of the past period, as a result of negative fundamentals. In its latest report, shipbroker Intermodal noted that “the return of traders and charterers from the Easter festivities came alo…
Bulkcarrier Earnings: How Far Have We Come?
Following the historically challenged market seen in 2016, earnings in the bulkcarrier sector improved substantially in 2017, with more positive demand side trends across a number of dry bulk commodities seeing the erosion of some excess capacity. Tren…
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VLCCs, Place your bets!
In 2018 so far, some 17 VLCCs have been ordered, which has expanded the orderbook by 17.0% in terms of vessel numbers, according to Alibra data. Of these ships, all but two are to be built at South Korean yards. One has been ordered in China and anothe…
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