Capesize A steady build for the Capesize market saw the 5TC lift $2,696 to settle the week at $19,437. The trajectory of gains appeared more sustainable this week as pressure continued to build on charterers. Significant tail winds are thought to be co…
Dry Bulk Market: Capesizes Gaining Momentum Read More »
Dry bulk stocks were the best performers (up 50.3% YTD) among the sectors we cover and are pricing in 1.34x times NAV on average. The time-charter rates too are at a multi-year high. All these developments have created a buzz and around a potential mar…
Dry bulk equities – Beginning of a super cycle, or just an upswing? Read More »
Tanker loadings from West Africa proved to be problematic numbers-wise, during 2020. In its latest weekly report, shipbroker Banchero Costa said that ‘2020 was overall a very negative year for crude oil trade, although of course the tanker market was p…
Tankers: West Africa Crude Oil Exports on The Decline Read More »
In the latest twist in the ongoing collision litigation involving the owners of the Ever Smart and Alexandra I, the Supreme Court has allowed an appeal by Evergreen Marine (UK) Limited on the applicability of the crossing rules (Evergreen Marine (UK) L…
Re-examining the crossing rules Read More »
The crew change crisis caused by COVID-19 restrictions continues to cause challenges, despite some improvement in the numbers, the Secretary-General of the International Maritime Organization has warned. In a statement, Secretary-General Kitack Lim sai…
COVID-19 crew change crisis still a challenge – IMO Secretary-General Read More »