As a result of the strict capacity management by the carriers, rates have remained strong and earnings for the major shipping lines have remained remarkably stable given the horrific market circumstances encountered in the first half of the year. The m…
Capacity cuts or market management? Read More »
Following on from our earlier Integr8 notes on developments in bunker prices, oil prices and the supply/demand fundamentals behind the oil industry, here we give an update on bunker pricing and some of the possible next moves in the market. After the e…
The tanker market could find a new supporting pillar in the recent China-Iran deal. In its latest weekly report, shipbroker Gibson said that “China is set to sign a deal that will see $400 billion invested in Iran over a 25-year period. The deal will i…
Tankers Looking for New Support Read More »
Capesize The capesize market had the stuffing knocked out of it this week as the 5TC dropped from $25,085 down to $17,285. Fixing activity was below average as charterers were able to achieve new lows with ease. Neither basin was spared from the carnag…
Dry Bulk Market: Capesizes Face the Duldrums Read More »
Crude tanker rates, which have broadly declined across most routes over the last couple of months, are unlikely to recover anytime soon until there is a sizeable correction in vessel supply. Freight rates have come down drastically from the astronomica…
Weak demand outlook calls for sizeable supply correction for tanker market recovery Read More »