With just a few years gone past since the opening of the US crude exports market, it has already managed to become one of the most important drivers of crude tanker demand. In its latest weekly report, shipbroker Gibson said that “without a doubt, the …
US Crude Exports Lead Tanker Demand to New Heights Read More »
According to the latest monthly report from OPEC, average dirty tanker spot freight rates rose 25% m-o-m in September, with gains across all classes. The seasonal upward trend was amplified by unplanned disruptions, allowing rates to recover from the r…
The new interactive graphs allow price fluctuations in the major bunkering hubs of Singapore and Rotterdam to be tracked. They will show the bunker prices for 380cST HSFO (high sulphur fuel oil) and MGO LS (marine gas oil low sulphur), both in USD per …
BIMCO Launches Interactive Graphs Showing Bunker Fuel Spreads Read More »
Ships’ recycling activity should pick up in the coming months, in order for the freight market to recover in the long-term. However, this hasn’t been the case so far in 2019, with many owners opting to hold on to their older vessels, with d…
Demolition Activity Should Pick Up For Rates to Recover in the Long-Term Read More »
The main story for 2018/19 has been the positive developments in the large LNG sector, which we are expecting to continue throughout the rest of 2019 into 2020. This is being driven by increasing demand as more countries prioritise LNG as an energy sou…
Greek Ship Owners Dominate the LNG market Read More »