Improved fundamentals could provide an additional boost to freight rates for Suezmax tankers moving forward. In its latest weekly report, shipbroker Gibson said that “like all other crude tanker segments, Suezmax rates have been on a rollercoaster ride…
Suezmax Tankers Offer Improved Fleet Prospects Read More »
Capesize The market saw a steep ascent from the depths of last week. The Baltic Capesize Index (BCI) 5TC opened on Monday at $5,099, although by Friday’s close most gains were lost, and it finished up at $5,737, a modest gain of $638. Improved sentimen…
Dry Bulk Market: Capesizes On Higher Ground Read More »
Our oceans are critical to so many aspects of our day-to-day lives. In the UK alone, they provide jobs for over 500,000 people, contribute more than £47 billion to the economy, and are the means through which 95% of all trade reaches the UK. Globally, …
How the UKHO is supporting the Blue Economy Read More »
In its latest monthly report, OPEC noted that average dirty tanker spot freight rates declined further in March, continuing the downward trend seen in the first quarter. Lower rates were reported in most dirty classes, mainly attributed to high vessel …
Tanker Market in March: Declines the Norm Read More »
Having weathered a difficult few years, the shipping sector continues to face many challenges. Ongoing economic uncertainty and conditions are likely to remain volatile for a number of years. However, overall confidence in the industry is reasonably st…
Financial outsourcing: the benefits of new technologies for shipping Read More »