The tanker market retained its weakness throughout the month of October, according to the latest monthly report from OPEC. According to the report, the tanker market remained weak in October, with dirty tanker rates depressed by ample tonnage availabil…
Weakness Prevails in the Tanker Market During October Read More »
“ COVID-19 has turned the world upside down,” states Knut Ørbeck-Nilssen, “the way we work, the way we communicate and the way we live. Who could have imagined the transformation in store just seven or eight short months ago?” “A line has been drawn in…
Maritime renaissance men Read More »
The message from the top is clear: cut out coal. While the regulatory pressure has been evident for some time, the race to banish the black stuff stepped up a notch last week when a $5 trillion valued institutional investor group made up of many of the…
Coal squeeze intensifies Read More »
A toning down of the political uncertainty and turmoil stemming from the US has managed to offer a much need reprieve to the dry bulk market. Even though trade uncertainties dominate, it seems that the overall market sentiment is inclined to believe th…
Dry Bulk Market Receives Boost From US Election Outcome Read More »
The pandemic has sent shockwaves through global maritime transport and laid the foundations for a transformed industry and associated supply chains. UNCTAD expects a return to growth in 2021. Global maritime trade will plunge by 4.1% in 2020 due to the…
COVID-19 cuts global maritime trade, transforms industry Read More »