New factors are constantly coming into play on a weekly basis, when it comes to influencing future oil flows and thus the tanker market as a whole. In its latest weekly report, shipbroker Gibson said that “this week Trump announced that he and Presiden…
Tanker Market: New Geopolitical Factors Come Into Play Read More »
Capesize The Capesize market saw a generally softer trend this week, with the 5TC declining over the first three days before stabilising as activity picked up to close at $5,939. However, this still reflected a week-on-week loss of over $1,000, marking…
Dry Bulk Shipping: Capesizes Not Out of the Woods Yet Read More »
The first few weeks of 2025 appeared to show positive signs for beleaguered shippers. The strike on the US East Coast was averted and a ceasefire in Gaza gave hope for a resolution of the Red Sea crisis. However, the trade war kicked off in the beginni…
The tanker market has been suppressed during the month of January, OPEC said in its latest monthly report. Dirty spot freight rates registered a slow start to the year. VLCCs showed the best performance in January, with the Middle East-to-East route up…
Tanker Market Suppressed During January Read More »
By early 2025, net supply has declined significantly from the peaks seen in 2023 and early 2024, reinforcing the inverse correlation between supply levels and TD3 rates. The sharp drop in net supply has driven a notable spike in TD3 rates, validating t…
Tanker Weekly Market Monitor: Dirty Oil Supply Read More »