A shift in drude oil trade flows is in full swing these days, with Russian oil heading eastwards and a flurry of other countries exporting their oil to the EU, in order to cover the region’s needs, ahead of a difficult winter season. In its latest week…
Crude Oil Exports’ Map is Being Redrawn Read More »
The US government has passed an important bill for the energy market last month, which is expected to have a significant impact in the market. In its latest weekly report, shipbroker Gibson said that “after many months of intense political negotiations…
Looking at US’s Inflation Reduction Act Read More »
The tanker market trended higher during the month of August, as demand picked up, OPEC said in its latest monthly report. Dirty tanker spot freight rates continued to pick up in August and now stand at the top of the five-year range. VLCC rates rose a …
Tankers: VLCC Spot Market Grew by 16% During August Read More »
Ship owners are always looking for indicators, both from the market but also technical, in order to evaluate and determine the future strategy in the market, whether it’s chartering or buying and selling their vessels. In its latest weekly report, ship…
Looking Into the Current Dry Bulk Market Trends: A Technical Approach Read More »
The newbuilding market has picked up the pace over the past week. In its latest weekly report, shipbroker Allied Shipbroking said that the “newbuilding market activity moved on a very positive tone during the last week, recording a strong performance i…
Newbuilding Activity Increases After the Summer Holidays Read More »