Dry bulk carriers remain in high demand among shipowners. In its latest weekly report, shipbroker Banchero Costa, said that there were some interesting deals in the dry bulk secotr, concluded in the newbuilding sector last week. According to the shipbr…
Dry Bulkers Remain in High Demand Among Shipowners Read More »
Strong crude oil import growth from China during 2023, offered additional support to the tanker market. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade, despite the high oil pr…
Tanker Market: China Accounted for 23.6% of Global Crude Trade in 2023 Read More »
Values for Bulkers have been going from strength to strength this year, up across all ages and size categories. Notably the Capesize and Supramax sectors have seen some dramatic increases, for example in the Capesize sector, values for 20YO vessels of …
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 »