Dirty tanker spot freight rates continued to show some positive momentum in October, with gains across all classes, OPEC said in its latest monthly report. Rates benefited from a general pick-up in activity starting at end-September. VLCCs and Suezmax …
Tanker Market: October Showed Some Positive Momentum Read More »
Tanker owners are bound to benefit from more oil coming into the market from the start of 2022 onwards, as demand continues to recover. However, with plans around the world to move away from fossil fuels is bound to catch up in the long term. In its la…
Tankers: Oil Supply to Remain Limited, but Not For Long Read More »
The Capesize market has taken a turn for the worse, after a sustained period of rises, with owners now worried that the market could be overcorrecting. In its latest weekly report, shipbroker Allied Shipbroking said that “the enthusiasm amongst Capesiz…
Dry Bulk Market: Ship Owners’ Enthusiasm Turns to Concern as Rates Plunge Read More »
The dry bulk market’s fundamentals remain strongly in favor of shipowners moving forward. In its latest report, shipbroker Intermodal said that “COP26, 77 countries pledged to phase out coal by 2050 but the world’s biggest names in coal including China…
Limited Supply Throughout 2022 Bodes Well for the Dry Bulk Market’s Prospects Read More »
Newbuilding ordering activity has picked up the pace considerably over the past week, with bulkers in demand, despite the recent plunge of rates. In its latest weekly report, shipbroker Allied Shipbroking said that “it was a fairly interesting week for…
Newbuilding Orders Pick Up Pace Read More »