A resurgence is quietly underway in the crude tanker market, as a number of plays are helping alleviate oversupply issues. In its latest weekly report, shipbroker Banchero Costa noted that “in October, Chinese crude oil imports reached a new reco…
So far in 2018, the shipping freight markets have been proven uninspiring; current freight indices produced by the Baltic Exchange, the Shanghai Shipping Exchange and other data providers are comparable to year-old levels, give or take some “normal” vo…
2018 was Indeed a Forgettable Year for Shipping. Is There More to It? Read More »
As with many other industries, key players in maritime are increasingly spurred on to accelerate innovation and adopt new technologies in a bid to stay ahead of the curve. Although the uptake of technologies and innovation has been relatively slow in t…
Industry collaboration key to unlocking full advantages of technology in maritime Read More »
The product tanker market in Europe in being affected by weather conditions over the past few months. In its latest weekly report, shipbroker Gibson said that “low water levels on the Rhine have remained a persistent problem for the European commodity …
Product Tankers and the Rhine Low-Water Level Issue Read More »
Capesize It was a positive end to the week, with West Australia/China making significant gains and firing owners’ resolve. There was talk that one of the majors paid $7.00 for 7-9 December cargo on Friday, with rates gaining 85 cents in a few hours. Ti…
Dry Bulk Market: Capesize Market Ends the Week on a High Read More »