An increased crude oil production in the U.S. could offer additional support to the tanker market. In its latest weekly report, shipbroker Gibson said that “US crude production has averaged this summer some 600,000 bpd above the level seen in summer 20…
Rising US Crude Oil Production Expected to Help the Tanker Market Read More »
An improvement in third quarter crude loadings from Iraq, could offer some scope for optimism among tanker owners. In its latest weekly report, shipbroker Banchero Costa said that “2020 was overall a very negative year for crude oil trade. Total loadin…
Tanker Market: Iraq’s Third Quarter Oil Exports Provide Reason for Optimism Read More »
A looming energy crisis could act in favor of tanker demand in the coming weeks and months, which could help lift earnings. In its latest weekly report, shipbroker Intermodal said that “in a year where both the container and the dry bulk freight sector…
Are Crude Tankers Primed for an Earnings Comeback? Read More »
Ship owners are ramping up their newbuilding ordering activity, loading up with new bulkers, as the market’s prospects appear to be quite bright once again. However, some delays could be expected. In its latest weekly report, shipbroker Banchero Costa …
Dry Bulk Market Rally Triggers Newbuilding Investment Spree Read More »
The demolition market proved rather uneventful over the past week, with tankers still the main candidates for sale. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “despite negative vibes in the market in relation to the recent…
Stable Demolition Rates Could Trigger More Vintage Tanker Sales Read More »