The end of the oil storage play, together with uncertainty over crude oil demand in the months to come, are expected to exert pressure on the tanker market in the weeks to come. In its latest weekly report, shipbroker Allied Shipbroking said that “duri…
Tankers Are Looking at More Uncertainty Moving Forward Read More »
Due to the India-China dispute, the threat of deteriorating trade relations between the two countries has become real. Meanwhile, we expect freight rates to decline in 3Q20 on routes from the Middle East/India to China The India and China border disput…
Short-Term Impact On The Chemical Shipping Market If The India-China Dispute Escalates Read More »
With August just around the corner, container shipping demolition has already hit a 41-month high in July, reaching 52.8 thousand TEU and thereby surpassing the 50.6 thousand TEU demolished in June. In the first seven months of the year, a total of 152…
Container shipping demolition reaches 41-month high in July Read More »
The ships’ recycling market has slowed down over the course of the past week, as a holiday slowdown has apparently had an impact. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the market feels stale at this current time as t…
Demolition Activity On “Holiday Mode” Read More »
Oil demand in Asia Pacific might be expected to plunge 1.8m barrels per day (bpd) this year, but there are still strong prospects for growth over the coming two decades. Tanker and product carrier owners need to look past the Covid-19 disruptions and t…
Asia hope for long-term oil demand Read More »