The global economy has been resilient in 2024, but some signs of weakness are appearing against a backdrop of slower growth, lingering inflation and an uncertain policy environment, according to the OECD’s latest Interim Economic Outlook. The Outlook p…
The tanker market has been facing a flurry of sanctions of late, with Russian and Iran oil trades in the forefront. In its latest weekly report, shipbroker Gibson said that “just before the end of his presidency, the Biden administration gave a parting…
Tankers: Sailing the Sea of Sanctions Read More »
Capesize The Capesize market experienced a week of gradual strengthening, with positive momentum building from midweek onwards as activity increased and tonnage tightened in both the Pacific and Atlantic basins. The BCI 5TC experienced a steady rise th…
Dry Bulk Shipping: Capesizes Keep Their Positive Momentum Read More »
Increasing environmental scrutiny and rising unpredictability pose a great risk to steam carriers. We expect several carriers to be scrapped much faster than expected earlier. Demolitions rose in 2024 as charter rates slumped, especially for steam carr…
The tanker market rose during the month of February, OPEC said in its latest monthly report. Dirty spot freight rates showed gains across almost all monitored routes in February. VLCC rates in particular rose as a fresh round of sanctions resulted in e…
Tanker Market on the Rise During February Read More »