Shifts in refinery usage around the globe, is expected to make waves in the product tanker market. In its latest weekly report, shipbroker Gibson said that “refinery rationalisation is back on the agenda. With a prolonged weakness in refinery margins d…
Refinery Rationalisation Shaping Up Future Tanker Demand Read More »
Capesize The week ended with a flurry of Brazil fixing which is now hovering in the low $18’s – approximately a dollar up on last week. Vale were rumoured to have been active, taking possibly three vessels over 203,000 dwt, in the $17.50/17.65 region. …
Dry Bulk Market: Capesize Segment Ends Week in a Bang Read More »
The UK Supreme Court has granted leave to appeal the recent decision in Alize 1954 v Allianz Elementar Versicherungs AG (The “CMA CGM LIBRA”). While the decision involved General Average, we discuss the ramifications of the finding of unseaworthiness a…
A slowdown of dry bulk ordering activity, combined with more demolition is beginning to improve market fundamentals, especially in the smaller classes. In its latest weekly report, shipbroker Intermodal noted that “a step back from the intense everyday…
Solid Fundamentals Emerging in the Dry Bulk Market Read More »
With the US presidential race gathering a head of steam ahead of the November 3 polling day, China and trade with the eastern powerhouse have become battlegrounds for the two lead candidates. In remarks delivered last week at the 2020 Council for Natio…
Trade talk gets dirty Read More »