Tanker owners are finding it hard to catch a break these days, as a mere rise in freight rates is quickly compounded by increasing bunker costs and a lull in demolition activity, due to the monsoon season. In its latest weekly report, shipbroker Charle…
VLCC Market Finds it Hard to Catch a Break Read More »
The escalation of the trade war between the US and China is about to bring significant changes in crude ton/mile demand as US crude freights could soon be moving away from China and heading towards India, South Korea, Thailand and Taiwan. In its latest…
Tanker Market: US Oil Exports At the Epicenter of Trade Shifts Read More »
In its latest monthly report, OPEC commented on the tanker market, that during June, crude oil tanker market sentiment strengthened slightly as average spot freight rates increased on most reported routes, albeit at varying levels. On average, dirty ta…
Tankers: Slight Improvement in Market Sentiment During June Read More »
Just as ship owners were looking to a long term recovery, especially in the dry bulk market, but also in containers, developments in the form of an escalating trade war, have brought these hopes to a crushing halt. In its latest weekly report, shipbrok…
Trade Wars and Shipping Don’t Bode Well Read More »
The ships’ demolition activity has began to feel the weather effects of the Southeast Asia. In its latest weekly note, Clarkson Platou Hellas commented that “as the monsoon rains begin to slow productivity down in the Indian sub-continent, a refl…
Demolition Activity Slows Down On Monsoon Rains Read More »