The tanker market exhibited mixed performance during the previous month, OPEC said in its latest monthly report for June. Dirty tanker spot freight rates continued to see mixed movements in June. VLCC rates were volatile over the month due to geopoliti…
Tanker Market Showed Mixed Movements in June Read More »
Argentina is shaping up to be a major crude oil exporter by the end of the decade, thus boosting ton-mile demand for tankers. In its latest weekly report, shipbroker Gibson said that “Argentina has turned into one of the biggest growth stories in oil p…
Tankers: Argentina to Boost Ton-Mile Demand Read More »
LPG imports from China, the world’s leading importer have been marginally higher so far in 2025. In its latest weekly report, shipbroker Banchero Costa said that “global LPG (liquified petroleum gas) trade has been steadily recovering in the past three…
LPG Shipping: China’s Imports Steady Through the Year Read More »
Newbuilding ordering activity, particularly towards Chinese shipyards has taken a step back so far in 2025. In its latest weekly report, shipbroker Xclusiv said that “the newbuilding orderbook data for dry bulk and tanker in 2024 and 2025 illustrates a…
Newbuilding Orders: Ship Owners Take Foot of the Gas Read More »
The ship recycling market has remained subdued during the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “ship recycling markets across South Asia and Türkiye remain largely subdued, wi…
Ship Recycling Market Still Subdued Read More »