Opec-led output cut expected to hurt tanker demand Opec and its Russia-led partners will reduce oil supply by 1.2 million bpd in the first half of 2019. The Organization of Petroleum Exporting Countries (Opec) and its Russia-led allies have reached an …
Shipping Market Monitor: OPEC-led output cut expected to hurt tanker demand Read More »
While the product tanker market segment hasn’t had the lackluster year of the crude tanker business, things haven’t been all that rosy as well. However, the past few weeks, there has been a positive trend in the freight market. In the MR tanker segment…
Product Tanker Markets Improving in Various Routes Read More »
It’s been a turbulent few months in the dry bulk market and things are bound to continue this way. In a recent report, shipbroker Banchero Costa said that “in the wake of trade war uncertainties and China’s subsequent imposition of a 25 percent tariff …
Dry Bulk Market: The Trade of US Coal Shipments to China Read More »
Renewed and increased demand for dry bulk carriers, after the recent truce in the ongoing trade war between China and the US, could take a while to be felt in the market. In its latest weekly analysis, shipbroker Allied Shipbroking said that “the…
Trade Truce Will Take a While to Translate in the Dry Bulk Market Read More »
It’s been another week of lacklustre demolition activity, which doesn’t bode well for the future rebalancing of the shipping markets, despite the strides forward taken during 2018. Should world trade growth slowdown even further next year, …
“Wait-and-See” Approach Dominates Ships’ Demolition Activity Read More »