Capesize The market closed the week firmly on a softer footing, with sentiment deteriorating steadily across both basins despite pockets of activity. The BCI 5TC lost significant ground, sliding from $41,571 to end the week at $30,731, reflecting mount…
Dry Bulk Shipping: Challenging Market for Most Sizes Read More »
The tanker market faced further headwinds during the past month, OPEC said in its latest weekly report. Dirty tanker spot freight rates showed further strength in November, supported by seasonal factors and an uptick in demand for mainstream vessels. V…
Tanker Market Slowed Down During November Read More »
The Dangote refinery’s expansion to 1.4 mbpd by 2028, doubling its current output, is expected to reshape regional trade dynamics in the Atlantic basin. As European refinery runs decline amid a wave of closures, Dangote’s growing output could redirect …
Expansion of Dangote’s refinery capacity to reshape Atlantic basin flows Read More »
The global economy has proven “resilient” this year, despite concerns about a sharper slowdown in the wake of higher trade barriers and significant policy uncertainty, according to OECD Secretary-General Mathias Cormann, commenting on the latest …
Trade growth slump on near horizon Read More »
Greek ship owners have been heavily investing into adding more tanker tonnage throughout 2025. In its latest weekly report, shipbroker Xclusiv said that “the 2025 YTD tanker SnP market remains exceptionally active, shaped by strong freight earnings, lo…
Greek Owners Investing in Tanker Tonnage Read More »