Average dirty tanker spot freight rates in April continued to decline from the high levels seen at the end of last year. Fixtures were lower on seasonal factors with the start of refinery maintenance particularly pronounced this year as refiners gear u…
Tanker Market In April Still in Decline Read More »
As if tanker owners needed another “headache”, after a torrid couple of years, shipbrokers now warn that the latest trade tensions could offset the anticipated market rebound during the second half of 2019. In its latest weekly report, shipbroker Allie…
Oil Tanker Demand Solid, But Trade Tensions Could Change That Read More »
Perhaps rather ominously, the ship recycling activity has gradually slowed down to a near halt over the course of the past few days. This development couldn’t have come at a worst time, given that the freight markets could use a little jolt, thro…
Ship Recycling Activity Grinds to a Near Halt Read More »
Shipowners from Greece and China have exhibited a different approach in terms of their newbuilding “tastes”. In its latest weekly report, shipbroker, Banchero Costa said that “in the dry bulk market, major orders were recorded in China where U.S.-based…
With just a few short months until the implementation of the IMO 2020 rule, ship owners around the world are becoming increasingly aware of the significant rise of their operational expenses, especially when it comes to bunker costs. In its latest week…