Dry bulk equities (aggregate seven stocks under our coverage) posted 21% negative returns during the full year 2020. However, since the beginning of 2021, these stocks have registered a gain of 15.7% so far (as of 12 January 2021). Going forward, the s…
High Commodity Demand, A Tailwind For Dry Bulk Shipping Stocks Read More »
Capesize The Capesize market surged this past week to a three month high, as a stronger outlook for the market took hold. Opening the second full week of the year at $21,131 the Capesize 5TC peaked mid-week at $26,489, before closing down to end the we…
Dry Bulk Market: Capesizes Push Forward Read More »
The tanker market posted a mild rebound during the month of December. According to the latest monthly report from OPEC, dirty tanker rates experienced a slight improvement m-o-m in December, while still remaining near multiyear lows amid a persistent i…
Tanker Market Edged Higher During December Read More »
The oil market is expected to tighten this year as new OPEC+ cuts take hold and the roll out of vaccines brings some balance back to the sector. But demand in 2021 is still going to be short of pre-Covid levels and there will be limited inventory resto…
Balancing the crude picture Read More »
In December 2020, the signatories of the Poseidon Principles—currently twenty large banks—released their first Annual Disclosure Report. As the first paragraph of the report says: “This report represents the first time Signatories of the Poseidon…