An increase in returns has lured more ship owners into investing in the tanker sector, through newbuilding contracting. In its latest weekly report, shipbroker Gibson said that “investment in new tankers today is not a simple decision, considering moun…
Tanker Returns Brings in More Investment in Newbuildings Read More »
The ordering of more than 50 very large ammonia carriers (VLACs) over the past 12 months has caught the attention of the maritime industry. Whilst these orders suggest a market surge in the direction of ammonia, a deeper analysis shows that most will b…
Investing in future ammonia markets Read More »
Clean LR2 LR’s in the MEG began showing signs of recovery after some time paused at WS115. TC1 ticked up 10.28 points at the end of the week to WS125.28 and for a trip west on TC20 the index climbed $56,646 to $4.16m. West of Suez, Mediterranean/East L…
Tankers: VLCC Market Firming Up Read More »
Capesize This week began with optimism, particularly in the Pacific, which saw early strength, buoyed by improved demand from miners and fresh coal cargoes. However, the momentum quickly reversed as the week progressed, and by midweek, market sentiment…
Dry Bulk Shipping: Capesize Market Softened Last Week Read More »
The tanker market showed improved performance during the month of September, according to OPEC’s latest monthly report. Dirty spot freight rates for VLCCs and Suezmax witnessed an improved performance in September, while Aframax rates moved lower. VLCC…
Tanker Market Improved in September Read More »