The product tanker market is a major beneficiary of the ongoing Red Sea crisis, with diesel and fuels supply into the EU now being sourced from other regions. In its latest weekly report, shipbroker Gibson said that “as Europe steps into spring having …
Product Tankers To Benefit from an Increase in Ton-Mile Demand Read More »
The crude tanker market benefitted from a surge in crude oil exports from the US with the EU accounting for more than 20% of demand. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil t…
Tankers: US Crude Oil Exports Surged in 2023 Read More »
Supplies, cargoes and ships have turned on their heads over the past few weeks, as a result of the crisis in the Red Sea. In its latest weekly report, shipbroker Xclusiv said that “in its widely monitored monthly oil market report, the Organization of …
Tanker Trade in Flux: The Red Sea Crisis Impact is Growing Read More »
Newbuilding activity has remained in healthy levels as more owners are “dipping their toes” in the market. In its latest weekly report, shipbroker Allied Shipbroking said that “2024 continues with another week of healthy newbuilding activity across the…
More Newbuilding Orders on the Way Read More »
Scrapyards are looking to more vintage tonnage, as supply is scarce. In its latest weekly report, Best Oasis (www.best-oasis.com), one of the leading cash buyer of ships said that “in the evaluation of the ship recycling sector this week, the Indian ma…
Ship Recyclers Looking for More Tonnage as Supply Dries Up Read More »