India is again the fourth largest seaborne importer of crude oil, after China, the EU and ASEAN. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade, despite the high oil prices an…
India’s Crude Oil Imports on the Rise During 2024 Read More »
Demand for second hand dry bulk carriers has been quite high over the few weeks, most notably for Capesizes. In its latest weekly report, shipbroker Xclusiv said that “following the previous weeks high interest on the Capesize sector, this week, anothe…
Second Hand Capesizes in High Demand Read More »
The ship breaking market has been trending downwards over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week in the ship recycling market saw consistent challenges across regi…
Downward Price Momentum in the Ship Demolition Market Read More »
Product tanker demand is expected to remain elevated, as Europe continues to import diesel from external sources, to cover demand. In its latest weekly report, shipbroker Intermodal said that “in 2024 so far, Europe’s CPP imports are robust, with diese…
EU Diesel Imports Still a Main Trade Read More »
Ton-mile demand in the tanker market could be gearing up for a rebound in the coming months. In its latest weekly report, shipbroker Gibson said that “American crude production has gone from strength to strength in recent years, despite a recent slowdo…
Tankers: Ton-Mile Demand Could be Set for an Increase Read More »