While commercial crude oil stocks in the European Union and the US have largely returned to 2019 levels, inflated crude oil stocks in China are a “key uncertainty” for medium term crude imports and dirty tanker demand East of Suez, according to Braemar…
‘Uncertainty’ of China’s crude cache Read More »
An increase in ton-mile demand is to be expected from news mid-week, that India is looking to change its crude import strategy. In its latest weekly report, shipbroker Gibson commented on the matter that “India is in a unique position. The country will…
India’s Crude Import Strategy to Benefit the Tanker Market Read More »
C apesize It was another rollercoaster week with high activity on the west Australia and Brazil to China routes. The Capesize 5TC opened the week at $14,794 to move quickly up to $17,889 at midweek before tailing off towards the weekend at $16,741. Whi…
Dry Bulk Market: Capesize Market Edges Higher Read More »
In a recent decision¹ by Admiralty Registrar Davison², in a case in which WFW acted for the successful shipowner, the Admiralty Court has helpfully confirmed that claims against bareboat (demise) charterers can only be enforced against the ship in resp…
Know your debtor: ship arrests for claims against bareboat charterers Read More »
The tanker market fared better during the month of February. According to the latest monthly report from OPEC, issued this week, dirty tanker rates picked up in February, as a more than 20% increase in both Suezmax and Aframax spot freight rates outpac…
Tanker Market Improved During February Read More »