BIMCO expects the fundamental market balance to deteriorate in 2019 which will do nothing to improve freight rates as the 2020 sulphur cap nears. Demand drivers and freight rates Earnings for Capesize vessels have continued their rollercoaster ride, re…
Yesterday’s IUMI (International Union of Marine Insurance) conference in Toronto, Canada heard from Rama Chandran, chair of IUMI’s Ocean Hull Committee who reported zero change in the sector’s global premium base in 2018. Global hull …
More tanker market turbulence should be expected in the coming weeks, as a result of the latest drone attacks, this time on Saudi Arabia’s oil facilities. In its latest weekly report, shipbroker Banchero Costa said that “on Saturday, September th…
Tanker Market in Limbo After Latest Attack on Oil Facilities Read More »
Even with the sulphur cap expected to give a boost to the tanker market, high fleet growth will put pressure on earnings. Demand drivers and freight rates Rising geo-political tensions have led to disruptions to the tanker shipping industry and all oth…
Speaking at yesterday’s IUMI (International Union of Marine Insurance) annual conference in Toronto, Canada, Sean Dalton, Chair of IUMI’s Cargo Committee reported a 2.5% increase in 2018 global premiums to USD 16.6 billion. However, the inc…