The shipping markets have been reeling under the pressure of low demand, the product of the impact that the Coronavirus has had in the global supply chain. However, as shipbroker Intermodal and various analyst point out, when the outbreak is contained,…
Shipping Market Will Rebound: It’s Just a Matter of When not If Read More »
With the IMO 2020 global sulphur cap now in force, members should bear in mind another significant date in relation to the ‘carriage ban’ – coming into force on 1 March 2020. The ban mandates that fuel oil used and carried on board ships must not…
The tanker market has had quite a ride during the first month of 2020. According to the latest monthly report from OPEC, issued this week, dirty tanker spot freight rates in January continued the roller coast movement seen since September, this time gi…
Tanker Market on Rollercoaster Mode Read More »
Using satellite tracking technology, we have compared China’s real time demand for seaborne crude oil from the Middle East in recent weeks against the same period last year. The coronavirus has coincided with Chinese New Year, so we have compared…
Coronavirus causes China Crude disruption Read More »
Attempts to contain Covid-19 – the new World Health Organization designation for coronavirus – have been drastic and in many cases effective. However, those very same measures of containment and restriction are having unintended and severe consequences…