Mostly missing or infrequently discussed in the COVID-19 pandemic is the current oil crash deepening from crippling fuel demand, sending prices spiraling to an all-time low (crude oil future prices turned negative at some point). As Americans continue …
Dry bulk shipowners have had solid reasons to smile this week and rightfully so. The physical market recorded an impressive rally and fixtures reported seem unable to “beat the index” as it is breaking records day by day. Same rally was followed by the…
Has the dry bulk tide turned? Read More »
The dirty tanker market has fallen from the recent highs during the month of May, OPEC said in its latest monthly report. More specifically, the tanker market came back down to earth in May, after reaching strong levels in March. A major contributor to…
Tanker Market in Retreat During May Read More »
The Standard Club’s loss prevention (LP) department is a multi-disciplinary team which was established in 1989 and has continually evolved in order to meet the needs of members in an ever changing maritime industry. The team includes master mariners, n…
Tankers to the rescue again: a solution to storage woes Read More »
It is one of the best-known Beatles songs from their final studio album Let It Be, but it also encapsulates perfectly the challenge many commodity markets face as they begin to recover from the enormous disruption of Coronavirus. The pandemic has impac…
The Long and Winding Road Read More »