VLCCs could start their trips back into Libya, should current plans set in motion, are actually implemented. In its latest weekly report, shipbroker Gibson said that “in 2010 Libyan oil production topped 1.6 million b/d, 9 years on and crude output sin…
Will 2019 be the Year of the VLCC for Libyan Oil Trade? Read More »
The future outlook of the product tanker market will be determined by the upcoming 2020 sulphur cap, as per the IMO guidelines. In a recent report, shipbroker Banchero Costa said that “the product tanker sector recorded a terrible 2017 and also most of…
2020 Sulphur Cap to Determine Product Tanker Market Outlook Read More »
For almost two decades now, China’s emergence as an economic powerhouse, with vast needs for raw materials imports to feed this growth, has immensely benefitted the shipping industry. However, while the country is still the most important market …
Will China’s Apparent Slowdown Hurt Shipping? Read More »
Global Growth Goldman Sachs predicts no recession in 2019 but sees a ‘pretty sharp slowdown’ Goldman Sachs does not foresee any recessions in major economies in 2019 but low profit growth is on the cards in the U.S. and Europe, its chief gl…
Weekly Report: What Happened In All Things Shipping Read More »
Ship owners are not committing funds for the long-term so far in 2019, which means that instead of newbuilding orders, they ‘re opting for second hand vessels instead. In its latest weekly report, shipbroker Allied Shipbroking noted that it was “…
Shipping Investment Activity Limited to the S&P Markets Thus Far In 2019 Read More »