The tanker market has been one of few segments of the oil industry that enjoyed positive momentum in March, OPEC said in its latest weekly report, with gains in both dirty and clean spot freight rates. A sudden surge in crude exports early in March boo…
March Was a Positive Month for Tankers Read More »
The Baltic Exchange has added quarterly assessments of the cost of operating crude oil carrying Aframax tankers and clean product carrying Medium Range (MR) tankers to its growing suite of shipping investor tools. The new service is based on assessment…
New OPEX assessments for tankers Read More »
I know. We all saw it. Like the world’s most epic game of Jenga ending, it all came crashing down. Those who were closely watching the trading of the May contract of WTI will be all too aware of the negative pricing that occurred this week. Those who w…
Oil’s Well that Ends Well Read More »
Tanker owners will have to answer a series of questions in order to determine future demand for their services, once the global economy returns to some sort of normality, after the lockdown measures adopted by dozens of countries worldwide. The hope wi…
Tankers: A Return to Normality or More Headwinds Moving Forward? Read More »
The benefits of strong demand growth in the 2010s were limited by faster supply growth. Over the past decade, the developing world economy has allowed for strong growth in shipping activities, with the demand for transport never having been higher. How…
Overcapacity And Low Demand Growth Set The Tone In The 2010s Read More »