As the benefits of the “contango” plays have started to evaporate during the past couple of weeks, tanker owners are beginning to take notice of the latest fundamentals to determine the future course of freight rates. As it turns out, things are pretty…
Uncertainty is Starting to Set in the Tanker Market Read More »
The commercial shipping industry moves about 90 percent of global trade. Over 2 million seafarers and maritime personnel keep this backbone of the global economy flexibility moving. In normal times, more than 100,000 workers move in and out of the worl…
Shipping Needs Unity Now, Collaboration Moving Forward Read More »
Capesize After a week of bounce momentum the market appears to have stalled out once again. The Capesize 5TC has more than doubled since last Friday and is now pricing at $4140 on the back of owners baulking at recent unreasonable lows. Atlantic routes…
Dry Bulk Market: Capesizes Stalled After a Strong Start to the Week Read More »
Today’s market circumstances, amid the mayhem that COVID-19 continues to exert on the global supply chain, seafarers can easily be seen as “collateral damage”, needing all the support they can get. In its latest weekly report, shipbroker Intermodal sai…
Seafarers Need All the Support They Can Get Read More »
The question that comes up more and more is when will we get a turnaround in the markets? This, of course, is the question on the lips of everyone from big fund traders all the way to small IG Index punters. At face value, it seems that for many market…
The Only Way Is Up Read More »