Product tankers operating in Europe could receive a welcome increase in demand, as a result of the “Green” revolution underway in the continent. In its latest weekly report, shipbroker Gibson said that “there is no doubt that the green revolution is un…
The Green Revolution Could Be a Boost for Product Tankers Read More »
Capesize The Capesize market has been trading strongly at lofty levels this past week. The 5TC opened the week at $40,608, peaked at $44,817 mid-week before finally retracing to take a breather at $41,514. The market has been hiking higher since the be…
Dry Bulk: Capesize Market Going on Strongly Read More »
Shipping companies have faced many challenges since the onset of the pandemic, including having to adapt to new ways of working. Lockdowns and restrictions forced many businesses to close offices and move their workforce to home working. Those with clo…
How shipping companies have adapted to the ‘new normal’ Read More »
The tanker market is still rather undewhelming, as demand hasn’t yet rebounded to a level, sufficient to generate positive momentum. Examining North-West Europe crude oil export trade, shipbroker Banchero Costa said in a recent report that “2020 was ov…
Tanker Trade Still Underwhelming Read More »
Time charter rates The Container market has seen an unprecedented increase in rates since the end of 2020. Container 1 year TC rates have surged to extraordinarily new highs with 8,500 TEU values rising to a record 54,000 USD/day for April. This is an …
Container Trade Accelerates as Rates Continue to Climb Read More »