Amid the wall of COP26 noise, at times it has been difficult to separate out the firm commitments and achievements of the last two weeks. But there is no doubt progress has been made in global maritime activity. Twenty-two countries, including the UK, …
Shipping Gets Ready for Green Corridors Read More »
The Latin American crude oil market is expected to benefit the tanker market moving forward. In its latest weekly report, shipbroker Gibson said that “Latin America has historically been home to both a large population and large refining base. However,…
Crude Tankers To Benefit from Latin American Oil Export Market Read More »
Capesize Both the overall index and timecharter average (5TC) gradually recovered back to the level last seen at the end of October, with BCI and 5TC posting at 4594 and $38,096 by the end of the week. Tonnage appeared tight in both basins. In the Atla…
Dry Bulk Market: Capesize Class is Gradually Recovering Read More »
Reefer container freight rates are forecast to accelerate through 2022, outpacing earlier estimates as well as expectations for dry container freight rates, as reefer traffic recovers from a flat 2020 and container vessel slots remain scarce amid tight…
Reefer container freight rates to accelerate in 2022 Read More »
The US crude oil export trade has been rather disappointing in 2021, following up on a similar trend from 2020. In its latest weekly report, shipbroker Banchero Costa noted that “2020 was overall a very negative year for crude oil trade. Total loadings…
Tankers: No Support from the US Oil Export Trade Read More »