Chinese refiners are expected to take the global lead in the coming years, capacity-wise. This dominance could lead to new trade patterns in the crude tanker market. In its latest weekly report, shipbroker Gibson said that “the crude oil sector has exp…
A Shifting Refinery Landscape Could Lead to New Tanker Routes Read More »
Capesize The market was predictably quiet by the end of the week with many traders absent for the beginning of Chinese New Year. The Capesize 5TC registered a token drop of eight to settle at $10,304 as minimal trading was heard. It’s said to be a diff…
Capesize Market Quietens Down Read More »
With the softening of peak LNG winter demand in Asia, we believe the spotlight is back on supply and demand fundamentals of LNG shipping. LNG spot prices have nosedived after surging in December and early January as winter demand is receding. LNG spot …
Why are LNG shipping stocks retreating after a brief surge? Read More »
The tanker market has faced a torrid start to 2021, with a lackluster performance. In its latest monthly report, OPEC said that dirty tanker rates remained at muted levels in January, below operational costs in some cases, although rates from West Afri…
Tanker Market: A Dire Start to the New Year Read More »
Then There was a small cohort of maritime arbitrators, mostly from pure shipping backgrounds rather than the law. London had much more competition than now – mostly from New York and Paris. There was little formality; lawyers only came into the b…
Maritime arbitration – then and now Read More »