The product tanker market could be line for some shift in cargo flows, as new refineries enter the foray. In its latest weekly report, shipbroker Gibson said that “refining margins across the world surged to record levels in 2022, following Russia’s in…
Product Tanker Market: Cargo Demand Could Shift to New Markets Read More »
The tanker market has had a positive month of February, OPEC said in its latest monthly report. VLCC spot rates recovered further in February on all monitored routes, with the Middle East-to-East route leading gains. On average, VLCC spot freight rates…
Tanker Market Shows Improved Performance During February Read More »
The PSV market has been on the rise since the start of the year. In its latest weekly report, shipbroker Intermodal said that “the beginning of 2024 has marked one of the strongest openings of the last decade on the North Sea PSV spot market, especiall…
High Seas for PSV Spot Market in the North Sea Read More »
A lack of large vessels, available for demolition, has remained the norm over the past week. In its latest weekly report, shipbroker Best Oasis (www.best-oasis.com), said that “the ship recycling markets across India, Bangladesh, Pakistan, and Turkey s…
Ship Recycling: Lack of Available Tonnage the Norm Read More »
Tanker newbuildings remained in high demand among ship owners over the past week. In its latest weekly report, shipbroker Banchero Costa said that “tankers remained the most active sector on the Newbuilding scene with Greek Owners still in the spotligh…
Ship Owners Keep Piling Up Tanker Newbuildings Read More »