Despite the ongoing tension in Hormuz, a series of new developments could offer further oil cargoes from countries like Canada, Mexico and Venezuela, providing new tanker market support. In its latest weekly report, shipbroker Intermodal said that “las…
Tanker Market To Gain Further Impetus From Rising Oil Output in America Read More »
Africa has been a perennial laggard, when it comes to refining capacity and hence a viable market for oil products. In its latest weekly report, shipbroker Gibson said that “the history of African refining is chequered, to say the least. Of the many re…
Can Africa Become An Oil Products’ Exporter? Read More »
The tanker market rose during August, OPEC said in its latest monthly report. Dirty tanker spot freight rates were stronger in August, led by gains in VLCC rates. Spot freight rates for VLCC rose, m-o-m, across all monitored routes, recovering from the…
Tanker Market: Rates on the Rise During August Read More »
The dry bulk market has seen a healthy rally to the best levels of the past five years. In its latest weekly report, shipbroker Xclusiv said that “the Capesize market has moved into territory not seen for almost five years, with the Baltic Exchange C5T…
Dry Bulk Market Enjoying Best Period in Five Years Read More »
The ship recycling market has been on a roll over the past week, gaining further momentum. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the Indian recycling market remained quite buoyant during …
Ship Recycling Market Going From Strength to Strength Read More »