The crude tanker market is expected to benefit from an expected increase in crude oil supply in the coming years. In its latest weekly report, shipbroker Gibson said that “South America has been a major source of oil supply for decades. Traditional pro…
Tankers Expected to Benefit From Increased South American Oil Supply Read More »
Capesize The Capesize market saw a strong start to the week, particularly in the Pacific, where two of the three major miners became active, leading to a steady rise in the C5 route. However, as the week progressed, Pacific activity began to slow, with…
Dry Bulk Market: Capesize Market Shows Resilience Read More »
As long as the scrubber economics are favourable, we will see the domination of scrubber-fitted crude-carrying vessels in the orderbook. Currently, the orderbook comprises 201 tankers with the majority being Suezmaxes (as of July 2024). A substantial n…
Favourable scrubber economics driving the crude tanker orderbook Read More »
The EU has remained the world’s leading seaborne importer of LNG, cementing its leading position in 2024 as well, accounting for 22% of the global volume. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade has c…
LNG Shipping: EU’s Seaborne Import Dominance Continues into 2024 Read More »
After a tepid recovery in the first quarter of the year, reefer freight rates on most trade routes have been decreasing. Drewry’s Global Reefer Freight Rate Index (which is based on freight rates for a wide range of port pairs) is expected to decrease …