The resumption of crude oil flows and ships from the Strait of Hormuz is the catalyst of any future move in the tanker market, as oil supply is currently being restricted. Meanwhile, just as things started looking rosier by Friday afternoon, Saturday p…
Tanker Market: All Eyes on Hormuz Strait Read More »
Last month proved to be a record one for the tanker market. In its latest monthly report, OPEC said that in March, trade disruptions and moves to source alternative crude supplies pushed dirty tanker spot freight rates to record levels. On the West Afr…
Tanker Market Reached Record Levels in March Read More »
Crude tankers carrying oil into India have been in high demand since the start of 2026. In its latest weekly report, shipbroker Banchero Costa said that “after a modest upturn in 2024, when global crude oil loadings increased by +0.8% y-o-y, things pic…
Tankers: India Emerging As a Leading Market for Seaborne Crude Oil Imports Read More »
The ship recycling market has picked up pace over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that in India, “Indian recyclers remain keen to acquire fresh tonnage, with currency move…
Ship Recycling Demand Picking Up Read More »
More Greek owners have placed newbuilding orders over the past few days. In its latest weekly report, shipbroker Banchero Costa noted that “Chinese groups led newbuilding contracting with sizable orders, while Greek owners maintained a dynamic presence…
Greek Ship Owners Increase Newbuilding Orders Read More »