The tanker market is still experiencing significant uncertainty and shifts of trade routes, as the Hormuz Strait, remains largely closed. In its latest weekly report, shipbroker Gibson said that “the crisis in the Middle East shows no signs of abating….
Tankers: Hormuz Closure and The Bigger Risks for the Oil Market Read More »
The tanker market has shown a strong rebound during the past month, according to OPEC’s latest monthly report. VLCC spot freight rates showed a strong performance in February, as fleet consolidation and rising tanker demand on long-haul routes tightene…
Tanker Market Rebounded in February Read More »
The duration of the closure of the Hormuz Strait will most likely dictate the outcome of the current crisis and its impact on shipping, the overall supply chain and ultimately global trade. In its latest weekly report, shipbroker Xclusiv said that “sin…
Duration of Closure of Hormuz to Dictate Shipping Rates Read More »
The ship recycling markets have been gearing up for a slowdown, after the outbreak of war in the Middle East. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the week saw elevated geopolitical act…
Ship Recycling Slowing Down as Tensions in the Middle East Prevail Read More »
Greek shipping manages some of the most sophisticated and commercially successful fleets in the world. That success, however, has come with an increasingly complex operating environment onboard ships, one that deserves more honest scrutiny than it curr…
Greek shipping must confront the reality of crew workload Read More »