It’s fair to say that the oil market is experiencing one of its most challenging periods, with a ripple effect expected in the tanker market as well. In its latest weekly report, shipbroker Gibson said that “a week after the biggest deal in oil history…
Tankers Could Face Rocky Period Ahead Read More »
Members of OPEC and allies (OPEC+), agreed to a historic production cut of 9.7 million barrels of crude oil per day (m/bpd) to reduce the massive production overhang and set a price floor to limit the fall in oil prices. The production cut is however n…
OPEC+ Production Cuts Will End Profitable Crude Oil Tanker Journeys Read More »
Chinese steel stockpiles reached record highs amid the coronavirus outbreak, but are now steadily easing. This paints the picture of an increased construction activity and a growing seaborne demand for the key dry bulk commodity of iron ore. Demand ret…
Chinese steel stockpiles retreating, a positive indicator for iron ore demand Read More »
Tanker owners could be hit with lower demand for their vessels in a few weeks’ time. In its latest weekly report, shipbroker Intermodal said that “as everyone anticipated the results of the OPEC + G20 meeting last week, it was very interesting to watch…
Tankers Could Face Headwinds in May Read More »
We’re operating in uncharted waters. The current and potential effects of the COVID-19 outbreak are difficult to assess and predict, but the way companies plan for uncertainty and respond to events is often watched by the financial markets. As COVID-19…
COVID-19: Top 5 Financial reporting considerations for the Shipping Industry Read More »