Tankers: Are VLCCs Overpriced?

by | May 17, 2024 | News

Sun, 12 May 2024 21:00:59 +0000 The price for a modern VLCC has been hovering near record levels over the past few months.In its latest weekly report, shipbroker Gibson said that “VLCC asset prices appear to be caught in a paradoxical market scenario. While...

Dry Bulk Market: Capesize Market Posts Strong Bounce This Week

by | May 17, 2024 | News

Sun, 12 May 2024 21:00:58 +0000 Capesize Following the UK Bank holiday, Tuesday marked a strong start for the Capesize market with rising rates in both the Pacific and Atlantic regions, driven by increased miner activity and healthy cargo volumes particularly in the...

FBX Index May 2024: Looking forward

by | May 17, 2024 | News

Sun, 12 May 2024 21:00:57 +0000 Overall, most FBX routes saw increases in both spot prices and forward curve rates. Increased demand in Asia-European trades, coupled with ongoing Red Sea diversions and geopolitical tensions, likely contributed to these rises, although...

Is a closure in the Strait of Hormuz on the cards?

by | May 17, 2024 | News

Mon, 13 May 2024 21:00:59 +0000 In a recent weekly report, shipbroker Intermodal said that “the Strait of Hormuz represents a vital artery for global trade, especially in the oil and gas industry. In this report, we will focus on how a potential blockage of the Strait...

EU ETS: catalyst for change, mired in growing pains

by | May 17, 2024 | News

Mon, 13 May 2024 21:00:58 +0000 The European Union’s Emissions Trading System (ETS) continues to cause confusion and consternation for stakeholders in shipping, with questions around ballast legs, accounting for allowances, and compliance. A panel discussion at the...