The tanker market has dug itself a hole, it’s now struggling to get out of. The past week didn’t bring any sort of respite. According to the latest weekly report from Charles R. Weber, “VLCC rates continued easing this week despite a fresh …
Tanker Market Still Looking for Recovery Signs Read More »
What a show! The Greek Shipping community put on a wonderful week for the rest of the world at Posidonia. This year the spotlight was very much on bunkers and more specifically on how ship owners should prepare for 2020. However, there were some exampl…
IBIA: Slaying mythical beasts in the IMO 2020 labyrinth at the Posidonia Venue Read More »
The tanker market is about to receive some new direction towards the end of the week, should OPEC’s summit changes the current status quo in oil production. In its latest weekly report, shipbroker Gibson noted that “the current dynamics in the oil mark…
In its latest monthly report this week, OPEC said that in May, weak dirty tanker market sentiment continued, despite spot freight rates mostly showing gains from the previous month across a number of routes. Vessels of different sizes, in both clean an…
Tanker Markets Find No Respite in May Read More »
TEN, Ltd (TEN) reported results (unaudited) for the quarter ended March 31, 2018. Q1 2018 Summary Results TEN generated gross revenues of $125.7 million, an Operating Income of $5.6 million and incurred a net loss of $11.9 million in the first quarter …