The product tanker market is expected to recover over the summer period, although not at a pre-pandemic rate. In its latest weekly report, shipbroker Allied Shipbroking said that “we are now just a few weeks away from the start of the summer period. A …
Product Tanker Demand Expected to Pick Up Read More »
Trade in goods during the first quarter of 2021 was higher than the pre-pandemic level, but trade in services remained substantially below averages. World trade’s recovery from the COVID-19 crisis hit a record high in the first quarter of 2021, increas…
Global trade’s recovery from COVID-19 crisis hits record high Read More »
Prompt deliveries of low sulphur stems remain widely available in ARA, Gibraltar Strait and South African ports, while HSFO380 is in slightly better supply in the Canary Islands this week. Independent inventories of fuel oil in the Amsterdam-Rotterdam-…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
Activity has continued to be more than healthy, in both the newbuilding and S&P markets over the course of the past week. In its latest weekly report, shipbroker Allied Shipbroking said that “things continue to look encouraging on the newbuilding m…
The beauty of shipping investments is their cyclical nature embedded in the industry and although there are always explanations and reasons for each leg of the cycle, usually ex post, the plain reality is that shipping rates go up and down because this…
Dry Bulk Correction Underway. Where is the Bottom? Read More »