Oil prices could remain low for a number of months, a scenario which could alter tanker demand and shift trade routes. In its latest weekly report, shipbroker Intermodal said that “there is no doubt that the Covid-19 pandemic crisis is a world-shatteri…
Low Oil Price Environment Could Alter Tanker Market Fundamentals Read More »
The shock in the global economy from the current COVID-19 pandemic is quickly escalating, threatening the pace of recovery, once this situation subsides. In its latest weekly report, Allied Shipbroking said that “as countries around the world struggle …
A World Economy in Strain Read More »
The newbuilding and S&P markets remain in flux, as ship owners are pondering how they should react in the COVID-19 pandemic, which is wreaking havoc in the global supply chains. In its latest weekly report, shipbroker Allied Shipbroking said that “…
Ship Owners Scramble to Close New Deals Read More »
In today’s market conditions, it may wise to remove some older tonnage, although there are still many market unknowns. In its latest weekly report, shipbroker Clarkson Platou Hellas said that ‘with each week bringing new port restrictions and regulatio…
Where to Next for Demolition Activity? Read More »
The latest trends in crude oil production, after the latest OPEC and Russian talks took place, make for an interesting reading. In its latest weekly report, shipbroker Gibson said that “this week global crude benchmarks plummeted to their lowest levels…
Oil: Where to Next? Read More »