There are currently around 30 tankers above 25,000 dwt waiting to cross the Suez Canal. We expect most vessels in ballast will decide to wait until the situation clarifies and, if fixed on a charter party, will likely get cancelled by charterers throug…
Suez Canal disruption: Analysis of impact on tanker market by Signal Group Read More »
Further disruptions and delays in the global supply chain are a given, after the closure of the Suez Canal since last Tuesday. For most ship owners though, this development is expected to further boost their bottom lines. In its latest weekly report, s…
Higher Vessel Utilization a Given, After Suez Canal Blockade Read More »
Capesize A more tempered week saw rates soften across all routes with low activity in both basins. Resilience and strong optimism still remains from Owners, yet the tailwinds from smaller classes turned to headwinds early in the week as market sentimen…
Dry Bulk Market: Capesize Market Softens With Low Activity in Both Basins Read More »
Bunkering demand holds up relatively well While oil demand was significantly hit last year as a result of the Covid-19 pandemic, bunkering demand held up relatively well. IEA numbers show that bunkering fuel demand is estimated to have fallen by around…
Marine fuels: Hi-5 spread strength Read More »
Regardless of the Suez Canal blockade which has stolen the headlines during the past few days, the maritime industry’s importance in the supply chain and the flow of commodities and goods around the world has been highlighted, perhaps in the most promi…
The Shipping Industry is in the Spotlight Read More »