Tanker shipping was in many ways the odd one out of the shipping sectors in 2020; at the start of the pandemic, the market was strong, only to finish off the year in the doldrums, while the other sectors stayed profitable. Even a demand boost in Decemb…
After the party, the hangover is proving drawn out for tanker shipping Read More »
The International Chamber of Shipping (ICS) has published the latest Flag State Performance Table (2020/2021) which finds that many of the largest flag states – including the Marshall Islands, Hong Kong (China), Singapore as well as the Bahamas and Cyp…
ICS Launches New Flag State Table Read More »
Trimming of underwater high spots south of Shek Kwu Chau Monday, January 25, 2021, Hong Kong For approximately 6 months, trimming operations for underwater high spots will be carried out in the area bounded by straight lines joining the following co-or…
HOT PORT NEWS from GAC Read More »
An ambitious plan to double Brazil’s crude production, could yield significant demand for seaborne crude tanker plays down the line. In its latest weekly report, shipbroker Gibson said that “since 2019 Brazil has become the top crude exporter in Latin …
Brazil’s Importance in the Crude Tanker Market Could Increase in the Coming Years Read More »
Capesize The Capesize market rocked and rolled these past few days. But by weeks end little had changed on the Capesize 5TC as it settled down -884 to $24,631. This was a positive difference of $733 to the beginning of the week. The market was not with…
Dry Bulk Market: Capesizes on a Roll Read More »