The tanker market is expected to stay firm during 2023, with both demand and supply fundamentals expected to help the market to remain at high levels. In its latest weekly report, shipbroker Gibson said that “12 months ago, we titled our closing report…
Tankers To Stay the Course During 2023 Read More »
Capesize The Capesize sector saw a surge, especially in the Atlantic since midweek. More cargo from West Africa came to the market and subsequently pushed the Brazil to Qingdao run to a higher level. However, fixtures were lacking as very limited promp…
Dry Bulk Market: Capesizes Surge Forward Read More »
The 79th session of the IMO’s Marine Environment Protection Committee (MEPC 79) was held from 12 to 16 December 2022. Highlights include the adoption of a Sulphur Emission Control Area (SECA) in the Mediterranean Sea from 1 July 2025 as well as further…
IMO Update: Marine Environment Protection Committee – MEPC 79 Read More »
The tanker market continued its upward trend during the month of November, OPEC said in its monthly report, issued this week. Dirty freight rates continued to move higher in November, with strong gains on all monitored routes. Aframax rates saw the str…
OPEC: Tanker Rates Moved Higher in November Read More »
Capesize values have continued to soften. Values for ten year old vessels of 180,000 DWT are down by c.13% since the start of the year, from USD 33.07 mil to USD 28.82 mil. The continued fall in values comes as Bulker earnings remain under pressure, an…
Capesize values continue to soften Read More »