A slowdown in seaborne crude oil imports from China, the biggest market for tankers, has inevitably hurt the segment in 2021. In its latest weekly report, shipbroker Banchero Costa said that “the year 2021 was once again a very bad year for crude oil t…
Chinese Oil Imports Hurt Tanker Trade in 2021 Read More »
World trade normalises and continues to grow despite challenges Going into 2022, we expect trade growth rates to return to their pre-pandemic levels in line with a continued but weakened global economic recovery. 2021 was an exceptional year driven by …
Clogged supply chains won’t hold back trade Read More »
As European gas prices continue to make headlines across the world, SSY LNG analyst Thanos Felios looks at what’s behind the rise of LNG prices and the impact this has on the LNG Shipping market. Supply from Russia With Europe relying on Russia for aro…
LNG supply and demand creates continued volatility Read More »
Oil supply is expected to increase considerably during the course of 2022, providing tankers with a much needed support. In its latest weekly report, shipbroker Gibson said that “the decision by OPEC+ to raise output by another 400kbd in March came as …
Tankers: Oil Supply Boost Expected to Provide Support to the Market Read More »
Capesize The Capesize market traded sideways this week as the 5TC closed at $10,302, an improvement of +1384 over the week. Lunar New Year holidays ensured the market was more subdued with holidays across Asia. Fixture activity looked to increase towar…
Dry Bulk Market: Capesizes Trade Sideways Read More »