The ship repair sector faced significant disruptions during most of 2020, as a result of the pandemic. However, things are starting to normalize as both owners and yards have adapted to the new challenges. In its latest weekly report, shipbroker Interm…
Ship Repair Sector Returns to Normalcy Read More »
Vessel operating costs are expected to continue rising on a hardening marine insurance market, as conclusion of the P&I renewal season exposes the fallout from rising claims and the impact of Covid-19 on global merchant shipping. The marine insuran…
Shipowner Opex Remains Hostage To Rising Marine Insurance Costs Read More »
While commercial crude oil stocks in the European Union and the US have largely returned to 2019 levels, inflated crude oil stocks in China are a “key uncertainty” for medium term crude imports and dirty tanker demand East of Suez, according to Braemar…
‘Uncertainty’ of China’s crude cache Read More »
An increase in ton-mile demand is to be expected from news mid-week, that India is looking to change its crude import strategy. In its latest weekly report, shipbroker Gibson commented on the matter that “India is in a unique position. The country will…
India’s Crude Import Strategy to Benefit the Tanker Market Read More »
C apesize It was another rollercoaster week with high activity on the west Australia and Brazil to China routes. The Capesize 5TC opened the week at $14,794 to move quickly up to $17,889 at midweek before tailing off towards the weekend at $16,741. Whi…
Dry Bulk Market: Capesize Market Edges Higher Read More »