With bunker costs now at an average of 30% higher compared to the comparative period of the past year, it’s inevitable that Worldscale Rates (WS), the standard used to determine tanker freight rates in benchmark routes is bound to shift this year. In i…
Tankers: Higher Bunker Costs Will Lead to Increased WS100 of up to 17% Read More »
By now, it’s no secret that the tanker market is in dire straits for quite some time. However, according to Teekay, an unlikely “knight in shining armour” could come in the form of the IMO 2020 rule, regarding the use of low-sulphur fuels. In its…
Tanker Market Could Rebound on IMO 2020 Rule Read More »
The dry bulk market is still trying to find a new balance, amid China’s economical repositiona and shifting trade patterns. For instance, coal trade routes are changing on the back of stricter rules and the need for low sulphur coal. However, the…
Dry Bulk: Coal Trade Shifting on Sulphur Restrictions Read More »
As we’ve entered the month of summer holidays for many, demolition activity has kept its lackluster performance. In its latest weekly report, Clarkson Platou Hellas commented that “with regards to the lack of tonnage now clearly evident in the ma…
August “Blues” in the Ships’ Demolition Market Read More »
The peak of the summer season is bringing with it a low in newbuilding ordering activity, which is becoming more and more evident in the market. In its latest weekly report, shipbroker Allied Shipbroking noted that “being in the peak of the summer peri…
Slowdown Now the Norm in Newbuilding Ordering Activity Read More »