The balance between demand and supply appears to be in favor of ship owners, active in the dry bulk market, as we head towards 2019. In its latest weekly report, shipbroker Allied Shipbroking said that “since the beginning of 2016, when the dry bulk ma…
Dry Bulk Market’s Fundamentals Looking Good for 2019 Read More »
The newbuilding market has picked up over the course of the past week, as ship owners accelerated their ordering activity. In its latest weekly report, shipbroker Allied Shipbroking said that it was “an active week in the newbuilding market, with owner…
Newbuilding Activity Picks Up, As Market Prepares for Holidays Read More »
The tanker market has suffered a lot from oversupply and the tide doesn’t seem to be changing any time soon either, especially in the light of the recent OPEC decision to limit oil production once again. In its latest weekly report, shipbroker Gibson s…
VLCC Tonnage Supply Looking Ominous After the Latest OPEC Oil Production Cuts Read More »
With China as a destination market for US soybeans having been eradicated these past few months (and just this week reappearing in the foray with one small shipment), US farmers have been looking for alternative markets. In a recent report, shipbroker …
In November, tanker spot freight rates for dirty vessels showed a significant increase as rates continued to rise from the previous month, as per the latest monthly report from OPEC. Average spot freight rates increased for the third month in a row, sh…
Tankers Rebound in November Read More »