Jet fuel is being imported in larger quantities in Europe, which could help the product tanker market in the next few months. In its latest weekly report, shipbroker Gibson said that “this summer travel season has been marked by widespread flight cance…
Jet Fuel Comes into Contention for the Product Tanker Market Read More »
The tanker market recovered strongly during July, OPEC said in its latest monthly report. Dirty tanker spot freight rates in July fully recovered from the decline seen earlier in May, as trade dislocations boosted tanker tonnage demand. VLCC rates on t…
Tanker Market Entered in a Growth Cycle in July Read More »
The dry bulk market could be heading for a revival moving forwards. In its latest weekly report, shipbroker Allied Shipbroking said that “one month into the 2nd half of the year, and we still see an ongoing debate as to the state of the global economy …
Dry Bulk: Freight Rate Market Could Be Heading for a Rebound in the Coming Weeks Read More »
Ship owners, shipbrokers and industry stakeholders have slowed down their discussions for new deals in the newbuilding and S&P markets, as the summer lull is upon us. In its latest weekly report, shipbroker Allied Shipbroking said that “the newbuil…
Ship Investment Activity Slows Down on Summer Lull Read More »
The lack of vintage tonnage appears to be the main trend in the ship recycling market these days. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as we have now entered the month of August, the holiday season is now in full sw…
Lack of Activity in the Ship Recycling Market Read More »