VLCCs could start their trips back into Libya, should current plans set in motion, are actually implemented. In its latest weekly report, shipbroker Gibson said that “in 2010 Libyan oil production topped 1.6 million b/d, 9 years on and crude output sin…
Will 2019 be the Year of the VLCC for Libyan Oil Trade? Read More »
Thanks to our now committed relationships to our smartphones, more of our routine tasks have been reshaped with a digital solution. From how we manage our finances to how we travel, our ability to access information in real-time, and to quickly communi…
Reaching tipping point Read More »
Capesize The Vale dam tragedy sparked a sharp fall in rates across all regions even where tonnage remained tight. The potential loss of production prompted a panic among some owners and operators who chased rates down. Vale did fix a ship on the key ru…
Capesize Market on the Retreat as Tonnage Remains Tight Read More »
The future outlook of the product tanker market will be determined by the upcoming 2020 sulphur cap, as per the IMO guidelines. In a recent report, shipbroker Banchero Costa said that “the product tanker sector recorded a terrible 2017 and also most of…
2020 Sulphur Cap to Determine Product Tanker Market Outlook Read More »
As the BDI falls to its lowest levels in almost two years, is this merely a seasonal lull or is this the sign of things to come for 2019 in the dry bulk markets? Whilst this time of year is traditionally slow for dry bulk markets as the far east prepar…
Fall in the BDI- is this more than a seasonal lull? Should we fear for a bad year? Read More »