The practice of charterers using oil tankers for floating storage is certainly not a new concept. What’s different with the current demand for storage is the huge number of ships being time chartered for floating storage purposes due to the collapse in…
BIMCO Floating Storage Clause For Tankers: What To Cover Read More »
EU crude oil imports were “business as usual” after the first quarter of 2020, as the effects of the pandemic hadn’t made an impact yet. In its latest weekly report, shipbroker Banchero Costa said that “between February and March 2020 Europe emerged as…
EU Crude Oil Imports Robust After First Quarter of 2020 Read More »
A new authoritative market report by a team of academic experts and business leaders commissioned by OrbitMI has found that sharing in shipping can unlock $237 billion by 2027. The report is especially pertinent as the Covid-19 crisis, has highlighted …
Sharing in Shipping To Unlock $237 billion Read More »
The outbreak of the coronavirus has disrupted container supply chains around the world and depressed the demand for vessels and boxes. It will lead to a contraction in the shipping container fleet and keep prices and lease rates under pressure in 2020,…
COVID-19 to cut shipping container fleet and slow pricing recovery Read More »
It’s not only VLCCs crude oil tankers benefiting from the oil market disruptions. Product tankers are also among the beneficiaries of the current market situation. In its latest weekly report, shipbroker Gibson said that “globally the products tanker m…
Product Tankers Among the “Winners” Of Today’s Market Read More »