Venezuela and Iran sanctions. Chinese ships leaving the market due to sanctions. Saudi oil production suffering losses due to drone attacks. It seems that the tanker market is having to adjust to multiple different parameters influencing freight rates,…
Tankers: Oil & Politics Once Again Impact the Market Read More »
The tanker market has been on quite some ride during the past few weeks, which offers reason for some additional insight. In its latest weekly report, shipbroker Allied Shipbroking said that “the tanker market has been experiencing an impressive freigh…
Tanker Market: After the Rally, What? Read More »
In the context of materialising the United Nations International Maritime Organization’s (UN IMO) Initial Strategy for the decarbonisation of the shipping industry, Greece, as the leading traditional maritime country, has come forward with a concrete p…
Ship owners from the two main shipping “powerhouse” markets, i.e. the dry and wet ones, have been enjoying a period of elevated freight rates of late. In its latest weekly report, shipbroker Intermodal said that “in perhaps the most interesting market …
Tanker and Dry Bulk Owners Enjoy Improving Market Conditions Read More »
Ship financing has continued to retreat, now at its lowest level since the global financial crisis of 2008, said Petrofin Bank Research, in its latest annual survey. Some of its highlights are the following: – The Petrofin Index for Global Ship F…
Ship Financing Down to Its Lowest Level Since 2008 as Banks Continue to Exit the Sector Read More »