The tanker market is still lingering close to multi-year lows at the beginning of 2022. According to the latest monthly report from OPEC, coming off a year that saw multi-decade lows, dirty tanker spot freight rates started 2022 close to the bottom end…
Tanker Market Fails To Take Off During January Read More »
Less than two years ago countries across the world were closing their borders and locking down cities to stop the spread of Covid-19. Very few analysts could foresee crude oil going from below $20/bbl back then to almost touching the $100/bbl mark curr…
High LNG prices boost conventional bunker demand, scrubbers stand to benefit Read More »
In a recent charterparty dispute in case DHL Project & Chartering Ltd v. Gemini Ocean Shipping Co Ltd (Newcastle Express) [2022] EWHC 181 (Comm), the Commercial Court set aside an arbitration award on the basis that the Tribunal had no jurisdiction…
Re-examining the applicability of subjects Read More »
The dry bulk market trade’s benchmark trade, i.e. China’s iron ore imports are undergoing a structural shift, with the country looking to reduce its import dependence from Australia, in favor of other countries. As a result, the dry bulk market is expe…
China’s Iron Ore Imports Mix Could Lead to Dry Bulk Market Structural Change Read More »
With the continuing COVID-19 pandemic and the 2022 Winter Olympics dampening the economy development, mainland China’s GDP growth in the fourth quarter 2021 was 4%, which is lower than the 4.9% growth recorded in the previous quarter and 6.5% low…