India is gearing up to become a major player in seaborne oil demand, offering a valuable boost in the tanker market. In its latest weekly report, shipbroker Gibson said that “like most nations, Indian oil demand has come under considerable pressure in …
India Bound to Make Waves In the Tanker Market Read More »
Capesize The Capesize market was grasping for a bullish story this week as a possible mid-week rally fell flat. Following that, rates collapsed down to $15,550 on the Capesize 5TC, a drop of $3,199 for the week. Positive news of Vale’s increased produc…
Dry Bulk Market: Capesize Market In Reverse Mode Read More »
Container shipping: Well-coordinated capacity management ensured that all major container carriers, with the exception of Yang Ming, were profitable during the second quarter despite weak volume growth. Yet, a disconnect between shipping rates and stoc…
Drewry Maritime Financial Insight – October 2020 Read More »
China has emerged as a major “player” in the crude oil import market. In a recent weekly report, shipbroker Banchero Costa said that “China’s crude oil imports exceeded all expectations so far in 2020, as the country tried to take advantage of very low…
China’s Crude Oil Imports: Trading Patterns Largely Unchanged So Far This Year Read More »
The surge in COVID-19 cases in the past few days took a toll on stocks of tanker shipping companies and key US market indices. Dow Jones Industrial Average (DJIA) and Nasdaq slid 1,816 points (6.4%) and 543 points (4.7%) respectively between 23 October…
Does volatility in Baltic TCE rates drive tanker shipping stocks? Read More »