Extreme volatility with a dash of oversupply come next year, could be the “recipe” for the tanker market moving forward, as shipping tries to adjust to the new reality shaped by the pandemic and its economic aftermath. In its latest weekly report, ship…
Tankers Could Face Headwinds from 2021 Onwards Read More »
Capesize A tepid week for the big ships, as macro concerns continued to weigh heavily on the index. All of the major voyage routes lost value, with the exception of the C5 West Australia-China route, which traded up a modest $0.21 on the week, on a ste…
Capesize Market: Weakness All Around Read More »
Due to a combination of circumstances there is now a worldwide shortage of storage space ashore for both unrefined and refined oil products of all types. As such there is a now growing demand for oil tankers to be used as floating storage. Potential is…
Floating storage of oil cargoes Read More »
With the global economy expected to be in recession mode from the second quarter onwards, expectations for a shipping industry rebound in 2020 are practically non-existent, with the sole silver lining being the low oil price environment, which has temp…
Shipping Is Just Waiting for the Inevitable Read More »
PMI readings for April indicate a massive weakening of global manufacturing. The manufacturing PMI readings serve as a bellwether for container shipping volumes for the months ahead, and recent data suggest that 2020 will be a stress-test for container…
China’s New Export Orders index at 33.5 – container shipping demand in free fall Read More »