A number of factors have been coming into play, when it comes to determining freight rates in the product tanker market. In its latest weekly report, shipbroker Gibson said that “over the past few weeks, MRs trading out of Europe have continued to outp…
Product Tanker Rates Facing More Volatility Moving Forward Read More »
Capesize The Capesize market endured another week of frustrating troughs as rates languished at near historical lows. Monday’s Baltic Capesize Index (BCI) route 5TC posted an index down -145 to settle at $4,035 and by Friday finished at $3,796. The beg…
Dry Bulk Market: Frustration Abound for Capesizes Read More »
The shipping industry faces a world of uncertainty as IMO 2020’s forthcoming rule changes the makeup of marine fuels to a lower 0.5% sulphur requirement. Ship owners will lean heavily on the supplies of complex Gulf Coast refiners that can turn t…
IMO 2020’s knock-on effects for Gulf Coast waterborne crude flows Read More »
Ship owners should be prepared for a lengthy and high cost process of constant revamping of the existing fleet of ships, as more and more bans and regulations are being put into force, with a view to limiting the industry’s environmental impact. …
High Cost Fleet Upgrades to Dominate Shipping Industry in the Years to Come Read More »
The deadline for implementing the IMO’s 2020 low-sulphur bunker fuel regulations is just three quarters away, and the shipping industry is still uncertain over the use of scrubbers. Although most shipowners are expecting tight availability of compliant…
Scrubber installation to ease supply pressure in crude tanker market Read More »