Crude oil exports from Russia appear to be recovering once again. In its latest weekly report, shipbroker Banchero Costa said that “despite having to make the biggest-ever reductions in crude oil production under the OPEC+ agreement in 1H 2020, Russia …
Russia Crude Oil Exports Recovering Read More »
In its latest weekly report, shipbroker Intermodal said that “spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the potential levels we will see during th…
Dry Bulk Market Facing Volatility, but Long-Term Fundamentals Are Positive Read More »
With a global recession raging once again, as a result of the pandemic, ship owners are more inclined to let go of older, non-viable tonnage. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “a blast from the past on two occasio…
Robust Demolition Activity Indicates Shipowners’ Willingness to Let Go of Older Tonnage Read More »
Ship owners were mostly active in the S&P market for dry bulk carriers over the course of the past week. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, it was another week with a considerable amount of t…
Attention Turns to Second Hand Bulkers Read More »
The tanker market has been on a rollercoaster ride of late. In its latest weekly report, shipbroker Allied Shipbroking said that “it has been a real rollercoaster ride for the crude oil tanker market these past 12 months, with the whole spectrum in hum…
Tanker Market in a Rollercoaster Ride Read More »