Investing in the tanker market is more than numbers these days. In its latest weekly report, shipbroker Gibson said that “tanker investments these days are not a straightforward decision. A prospective buyer is faced with a combination of price pressur…
Which Tanker to Buy? A Shipowner’s Conundrum Read More »
Global shipping’s fragmentation and the public’s less intense scrutiny of its emissions, along with its heavy debt burden and low margins, mean decarbonisation is a secondary issue for the industry, Fitch Ratings says. The sector’s environmental regula…
Shipping Fragmentation, Importance Deprioritise Decarbonisation Read More »
Capesize The Capesize market had a positive week overall with the BCI and 5TC route average at 2003 points and $16,609, closing at 2,136 and $17,713. The first half of the week remained positive amid strong support from the Pacific. The C5 West Austral…
Dry Bulk Market: Capesize Market on Positive Territory Read More »
The pace with which the EU has been importing LNG by sea is tremendous so far this year, as a result of the situation in Ukraine. In a recent report, shipbroker Banchero Costa said that “in 2021, the European Union (27) was the third largest seaborne i…
EU Seaborne LNG Imports Growing With Tremendous Pace Read More »
China is the world’s largest importer of crude oil and Russia is the second largest crude exporter. Much of the crude oil trade between the two countries, however, is piped and the short distance from Far East Russia to China also limits the impact on …
Russia-China dirty tanker trade soars 94% y/y after Ukraine invasion Read More »