In what seems like a paradox, amid the current environment, the volume of Urals crude currently held on tankers, is the highest level since records began in 2016”. In its latest weekly report shipbroker Gibson noted that “it has been almost two months …
Russian Crude on Tankers is the Highest on Record Read More »
BIMCO has produced its own ship sale and purchase agreement – SHIPSALE 22 – with the aim of making the authoring, negotiation and execution process faster and simpler, and to provide the market with a modern and comprehensive alternative to exist…
BIMCO launches ship sale and purchase agreement Read More »
Capesize After several weeks of relatively flat price movement, the Capesize 5TC market has started to show a little positive sentiment with levels pushed to $15,299. Fixture activity on the whole has not been very eventful, yet the Pacific C5 West Aus…
Dry Bulk Market: Capesizes Enter Positive Territory Read More »
Tanker markets are being broadly impacted by uncertainties related to geopolitical developments. Aframax and Suezmax freight rates, the main vessels used to transport Black Sea flows, have been particularly affected, OPEC said in its latest monthly rep…
Tanker Market Affected By Geopolitican Tensions Read More »
The first quarter of the year comes with an overall upward trend in the number of vessels in waiting and operating status at worldwide ports. Although the last year seemed to be the year of record-high levels, we have seen even stronger figures each mo…
Port Congestion – A Q1 review of the number of Dry Bulk Vessels Read More »