The tanker market was in reverse mode during the month of July according to the latest report from OPEC. Dirty tanker rates broadly trended lower across most routes in June, as the stellar rates seen earlier in the year receded. The decline in rates wa…
Tanker Market On Decline During July Read More »
The tanker is about to benefit from a potentially successful dealing with the current health crisis. In its latest weekly report, shipbroker Intermodal said that “the Covid-19 virus spread around the world has obviously impacted the global oil demand w…
Tanker Market To Benefit From Successful Handling of COVID-19 Read More »
Ships sold for recycling have increased in numbers over the course of the past few weeks. While last week wasn’t equally active in terms of deals, activity is still rather vivid, indicating that more deals are on the horizon. In its latest weekly repor…
Demolition Activity Expected to Remain Elevated Read More »
Demand for dry bulk carriers remained high over the past week. Ship owners are eager for more tonnage, on the back of improving market fundamentals. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, interest re…
Dry Bulkers Still in High Demand Read More »
The market for US LNG exports have been rapidly expanding over the course of the past few months, providing ship owners with a significant new trade. In its latest weekly report, shipbroker Banchero Costa said that “on the back of booming shale gas pro…
US LNG Ecports Becoming a Major Read More »