The tanker market has entered a new reality after last week’s new round of sanctions against Russian entities. In its latest weekly report, shipbroker Gibson said that “on Friday 10th January, the United States sanctioned Gazprom Neft and Surgutneftega…
Tankers Facing a New Reality Read More »
Australian coal exports to China soared during 2024, helping sustain solid freight demand. In a recent report, shipbroker Banchero Costa said that “in Jan-Dec 2024, global seaborne coal loadings increased by +2.4% yo-y to 1,371.8 mln t (excluding cabot…
Dry Bulk Shipping: Australia’s Coal Exports to China Soared by 51.4% in 2024 Read More »
The tanker market showed mixed performance during the month of December, according to OPEC’s latest monthly report. Dirty spot freight rates showed diverse movements in the last month of the year, falling on routes to Asia and out of the Middle East, w…
Tanker Market: December Was a Mixed Bag Read More »
The dry bulk market has been dubbed as quite “lackluster” with China’s economy still looking for a boost. In its latest weekly report, shipbroker Xclusiv said that “as we are just fifteen days away from the Chinese New Year seven-day public holiday (28…
Dry Bulk Market Lackluster as Chinese New Year Closes In Read More »
The first newbuilding orders of 2025 have been contracted, while activity in the second hand market remains brisk. In its latest weekly report, shipbroker Banchero Costa said that “in the dry market, the Chinese company Everbright Financial Leasing pla…
First Newbuilding Orders of 2025 Now Signed Read More »