China’s demand for soybean is forecast to grow in 2020 by 7.8% y-o-y, signalling a positive outlook for the dry commodity as well as for the bulk carriers that transport it. In the midst of a universal turmoil with the coronavirus having jolted several…
Chinese demand for soybean remains robust Read More »
The tanker market has been one of few segments of the oil industry that enjoyed positive momentum in March, OPEC said in its latest weekly report, with gains in both dirty and clean spot freight rates. A sudden surge in crude exports early in March boo…
March Was a Positive Month for Tankers Read More »
The Baltic Exchange has added quarterly assessments of the cost of operating crude oil carrying Aframax tankers and clean product carrying Medium Range (MR) tankers to its growing suite of shipping investor tools. The new service is based on assessment…
New OPEX assessments for tankers Read More »
I know. We all saw it. Like the world’s most epic game of Jenga ending, it all came crashing down. Those who were closely watching the trading of the May contract of WTI will be all too aware of the negative pricing that occurred this week. Those who w…
Oil’s Well that Ends Well Read More »
Tanker owners will have to answer a series of questions in order to determine future demand for their services, once the global economy returns to some sort of normality, after the lockdown measures adopted by dozens of countries worldwide. The hope wi…
Tankers: A Return to Normality or More Headwinds Moving Forward? Read More »