Despite the fact that ship owners have been more inclined to acquire a second-hand vessel, rather than invest in a newbuilding these days, prices for the latter have started to inch higher. Contracting activity has picked up (that’s reason No1), …
Newbuilding Prices On the Rise as Higher-Spec Vessels Are Ordered Read More »
Following the continued coverage of bunker issues in the US Gulf, the Club has produced this short FAQ in conjunction with Brookes Bell. Should you have any further questions or claims arising, please contact your usual P&I or Defence claims handle…
Current Bunker Issues in US Gulf Read More »
A projected rise in oil demand and prices has opened a debate on the downside risks to global growth. Morgan Stanley’s Chief Global Economist, Chetan Ahya, says when it comes to oil, timing is everything. The pace of the recent rise in oil prices has s…
Could Rising Oil Prices Tank Global Growth? Read More »
A few years back, when oil prices were tumbling down, there was a sense of optimism among ship owners active in the tanker market, as there was the expectation that lower prices would yield more demand. This time around, an opposite scenario, coupled w…
Crude Tanker Market Waiting for News on the Oil Price Front Read More »
In a lackluster market, trading a vessel in the right route is vital. In its latest weekly report, shipbroker Gibson said that “where to position tonnage has always been a key question for tanker owners. Having exposure to the right market can make the…
Trading Tankers: Where and Why? Read More »