Tanker owners were granted some respite over the course of the past week, as demand in the VLCC market edged higher. In its latest weekly report, shipbroker Affinity Research commented that “VLCCs experienced a positive start to the week, with 32 cargo…
Tankers: VLCC Market On the Mend? Read More »
Across the spectrum of seaborne trade, crude oil and containers could hardly be more different. The former is the classic raw material commodity, whilst the latter represents the shipping of all sorts of manufactured end products. Yet in 2017, total se…
Crude And Containers – An Odd Couple Close Together Read More »
Asian refining margins remained relatively stable over the first quarter of 2018 with Singapore margins largely supported by a stronger middle distillate segment. Growth in product exports out of this region has been quite strong over 2016/2017; howeve…
Chinese Product Push Read More »
The rise of oil prices in the past few weeks will translate into higher bunker costs, but not change the current balance in the market and thus freight rates. In its latest weekly report, shipbroker Gibson said that “last night saw ICE Brent close at $…
Tankers: Bunker Costs To Rise on Higher Oil Prices Read More »
The shipping markets are renowned for their volatility but today there is one aspect of the industry where the last cycle has taken 20 years. The orderbook expressed as a percentage of the existing fleet, a widely used statistic, is basically back wher…
Orderbook Offering An Echo Of The Distant Past Read More »