Dirty tanker rates saw mixed movement in May, although they remain at low levels, OPEC said in its latest monthly report for the month of June. The improving US market supported rates on the UK-US route, while very low rates on the Mideast-Asia Pacific…
Tanker Market in Mixed Behavior During the month of May Read More »
The shipping industry needs to look past zero carbon fuels to decarbonise the sector. ‘Circularity’ and ‘servitisation’ could be the new buzzwords to watch for, according to Danish Ship Finance (DSF). In its latest Shipping Market Review, DSF offers up…
Green shipping calls for a holistic approach Read More »
The container and dry bulk shipping industries are breaking new records left, right and centre it appears, resulting in dry bulk owners enjoying unseasonably high profits, and container shipping carriers and tonnage providers delivering record high pro…
Around the world in seven shipping records Read More »
Modern tanker tonnage prices have been trending upwards, despite the downturn of the tanker freight market. In its latest weekly report, shipbroker Intermodal said that “counter cyclical investments.” usually take place by investing in a “bad” market a…
Tanker Prices Moving Higher Despite Low Market Rates Read More »
If EURO2020 was to be decided by shipping-related factors, who would come out on top? The European Football Championship is on the verge –and kicking off on Friday 11 June. Therefore, BIMCO’s shipping number of the week had to be football-infused today…