The tanker market could be facing some volatile months ahead, especially in the Aframax and Suezmax segments. In its latest weekly report, shipbroker Gibson said that “as with most crude tanker markets, the Aframax and Suezmax sectors have remained und…
Tanker Market Volatility Could be on the Cards Until the end of 2020 Read More »
Capesize It was all heavy swell for the Capesize market this week as rate levels swung with no clear direction. The Capesize 5TC opened the week at $15,248 to close at $15,761. The Pacific basin was seen to gain traction throughout the beginning of the…
Dry Bulk Market: Capesizes Lack Direction Read More »
The global maritime industry is in a state of flux. The arrival of COVID-19 threw a spanner in the works; but growing interest in alternate fuel and energy efficiency, digitization, and the business trend of moving from solution providers to service pr…
Ship shape for the future? Read More »
The tanker market faced downward pressure during the month of August. According to the latest monthly report from OPEC, “dirty tanker rates in August settled into the lower levels seen since the end of June and are likely to remain for the coming month…
Tanker Market On the Back Foot in August Read More »
In all our previous notes and podcasts we have been relatively bullish on bunker prices rising from their extreme lows at end April, even though at some stages there was a stuttering in the upward trend. The sentiment was driven by tightening oil funda…
The Rise in Bunker Prices Has Come to a Halt & the Question now is ‘What Happens Next? Read More »