The rumored OPEC’s further cut on oil production could arrive “too little too late” for the tanker market, says shipbroker Gibson, as a result of increasing production in other parts of the world, like for instance Norway and Brazil, not to mention the…
Tanker Market Prospects Difficult to Predict Read More »
The Hi5 (low sulphur fuel oil vs high sulphur fuel oil), also known as the scrubber spread, has long been on people’s radars since the International Maritime Organisation’s sulphur regulation became a legal certainty. There used to be wild predictions …
Hi5? More like Lo5 Read More »
Capesize The Capesize market woes related to Coronavirus have now spread through the wider global markets like wildfire. The wider supply and demand and operational ramifications now seem painfully clear. With Capes already trolling the bottom of the m…
Dry Bulk Market: Capesizes In Dire Straits For Yet Another Week Read More »
Tanker rates have taken a turn for the worse, as a result of dwindling demand and fewer cargoes available, as a result of increased tonnage supply, following the lifting of the US sanctions on Cosco’s tankers. In its latest weekly report, shipbroker In…
Tanker Market Feeling the Impact from the Coronavirus Effect Read More »
Brazilian iron ore exports had a slow start in January with exports totalling 26.7 million (m) tonnes, a 19% decline year-on-year. Two thirds of total exports, 18m tonnes, went to China. The coronavirus has had parts of China quarantined throughout muc…
Brazilian iron ore exports drop 19% – a slow start to the year Read More »