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…
Despite VLSFO being only marginally worse than HSFO, it is the critical quality parameters that are often recorded off-spec It has been over a month since the IMO2020 regulation came into force and there are mixed views on how the transition has gone s…
VLSFO: Better Quality But Watch For Critical Parameters Read More »
The current freight rate crisis across most markets could offer a solid opportunity for ship owners to sell some of their older ships and alleviate tonnage oversupply issues. However, over the course of the past week, prices offered by scrapyards have …
Demolition Market Under Pressure as Rates Fall Read More »