USA crude oil imports have been emerging, together with its export trade, into a major play for tanker owners, as the country remains a net importer of crude oil. In its latest weekly report, shipbroker Banchero Costa said that “driven by the shale oil…
USA Is Still a Net Crude Oil Importer Read More »
With Turkey escalating tensions in the Eastern Mediterranean and Greece responding accordingly, it seems that this spat is bound to continue and could potentially have an impact in tanker trade in the region, especially if EU imposes sanctions towards …
Tensions in East Mediterranean Could Impact the Tanker Market Read More »
The dry bulk market could be set for a more sustainable rebound in the coming months, aided by the stagnation of the global bulker fleet during most of 2020. However, if a second lockdown of the world’s major economies occurs, then obviously, shipping …
Dry Bulk Market Could Be Set for A Sustainable Recovery By Early 2021 Read More »
Shipping’s decarbonization plan is underway, but the way to get there, could be a challenge. In its latest weekly report, shipbroker Intermodal said that “the imminent global shift towards eco-friendliness has caused divide among the shipping community…
Is a Shipping Carbon Levy on the Way? Read More »
Demolition activity has failed to maintain the gains of the past couple of weeks, which came as a result of higher pricing, which enticed ship owners to allocate more tonnage for scrap. In its latest weekly report, shipbroker Clarkson Platou Hellas sai…
Ship Recycling Activity Picks Up, Then Slows Back Down Read More »