The price of prime aged vessels is expected to rise over the next two years. Putting extended trade disputes aside, most market segments have favorable tailwinds. The contraction of yard capacity is expected to support the replacement value of ships, w…
LR1 Tankers, Handysize Bulkers and Panamax Containers: Q2 Forecast winners Read More »
The product tanker market is up against some challenging conditions and owners are likely to have to be more patient in the wake of some not favorable conditions. In its latest weekly analysis, shipbroker Charles R. Weber commented that “Product export…
Product Tankers Enter Challenging Market Conditions’ Mode Read More »
The US crude export market continues to boom with the latest preliminary weekly estimates from the US Energy Information Administration (EIA) showing a record 3.0 million b/d. The main driver continues to be a wide discount for WTI crude versus other g…
Trans-Atlantic Crude Spread Gets Squeezed Read More »
The International Chamber of Shipping (ICS) has launched a new publication to endorse the recent adoption by the UN International Maritime Organization (IMO) of its ambitious strategy for phasing-out CO2 emissions from the international shipping sector…
As “slim pickings” is the norm in the wet markets this year, competition for cargoes in beginning to emerge across various classes and even between dirty and clean tankers. In its latest weekly report, shipbroker Gibson said that “it’s not unusual for …
VLCCs “Eating Up” Product Tankers’ Cargoes Read More »