Demand for oil cargoes headed to India has taken a turn for the worse, as the country with the second largest population is grappling with the effects of the coronavirus. In its latest weekly report, shipbroker Banchero Costa said that “India is now th…
India’s Crude Oil Imports Negatively Impacted By Covid-19 Read More »
While spot LNG shipping market has tightened in the last one month, LNG shipping stock prices have underperformed the Baltic LNG Index. Spot LNG shipping rates crossed USD 100,000pd for modern vessels in October and are presently hovering around USD 12…
LNG shipping stocks lag surge in spot rates Read More »
Countries around the world must avoid a “race to the bottom” to secure competitive advantage by watering down environmental safeguards. Instead, United Nations Conference on Trade and Development (UNCTAD) secretary-general Mukhisa Kituyi has urged nati…
UNCTAD: Time to re-think trade policies Read More »
Freight rates are about to face renewed downward pressure, on the back of a new wave of lockdowns around the world, with Europe being the most obvious example. Shipbrokers anticipate a new blow on demand for shipping, which will inevitably translate to…
Shipping Demand To Suffer After Wave of New Lockdowns Read More »
IMO-class tankers which swung to product trading in 2Q20 due to high freight rates and floating storage requirements are unlikely to join the chemical trading fleet until 2021. IMO-class tankers are tankers with International Maritime Organisation (IMO…
Swing tankers unlikely to join chemical trading fleet until 2021 Read More »