New refining complexes in East Africa could be a boost for tankers owners moving forward. In its latest weekly report, shipbroker Gibson said that “late last week, an explosion at South Africa’s second largest refinery cast focus firmly on the East and…
Tankers Could Benefit from East African Refining Development Read More »
It is nothing new to anyone in the international shipping business that testing moisture levels in ethanol and methanol is a complicated, tedious and extremely costly process – for many, unnecessarily so. The existing process is fraught with problems t…
The OECD has attempted to put a positive spin on the trade message emanating from its latest economic outlook, released last week. The intergovernmental organisation points to various trade agreements – including the US-China Phase I agreement signed e…
“Longstanding downside risks” to trade outlook Read More »
2021 could offer some impetus for a recovery in the shipping markets, which would in turn bring a rebound in asset prices as well. In its latest report, shipbroker Intermodal said that “heading towards the end of a difficult year and with the entire pl…
Shipping’s Fundamentals Could Offer Reason for Optimism During 2021 Read More »
The recovery of the global oil tanker market will be slow and gradual. We have forecast this many times during 2020, as the COVID-19 pandemic wreaked havoc on past, present and future oil consumption. On 8 December, the U.S. Energy Information Administ…