The slump of newbuilding orders during the first quarter of 2019 is expected to hold firm in the months to come, with a few exceptions, like for instance LNG carriers and possibly product tankers as well, on the back of improving market conditions. In …
Shipbrokers Expect More Newbuilding Orders in the Product Tanker Segment Read More »
BIMCO will open an office in Athens in the early summer of 2019. The objective is to have a stronger and closer dialogue with BIMCO’s Greek membership and to recruit more Greek members. The Greek shipowners are already the biggest group of BIMCO member…
BIMCO to open Athens office Read More »
With the first quarter of 2019 already in the past, most dry bulk ship owners will be looking to forget it as soon as possible. Dry bulk rates have plunged as a result of a lack of cargoes, on the back of physical and other disasters, ranging from cycl…
After a dismal 2018, tanker owners could harbor further hope for a freight rate market revival, as China’s thirst for crude oil imports is stronger than ever. In its latest weekly report, shipbroker Banchero Costa said that “as recorded at the en…
Strong Chinese Oil Imports Could Offer Boost to the Tanker Market Read More »
A number of factors have been coming into play, when it comes to determining freight rates in the product tanker market. In its latest weekly report, shipbroker Gibson said that “over the past few weeks, MRs trading out of Europe have continued to outp…
Product Tanker Rates Facing More Volatility Moving Forward Read More »