by | May 10, 2024 | News
Sun, 28 Apr 2024 21:00:59 +0000 Ton-mile demand is up across the board in the tanker market, helping keep rates high. In its latest weekly report, shipbroker Gibson said that “with the one third of the year already over and the Red Sea still off limits to the majority...
by | May 10, 2024 | News
Sun, 28 Apr 2024 21:00:58 +0000 Capesize The Capesize market endured a challenging week, marked by persistent negativity across both the Pacific and Atlantic regions. The week commenced sluggishly, with the BCI 5TC dropping by $1,133 on Monday, setting a negative...
by | May 9, 2024 | News
Fri, 26 Apr 2024 21:00:59 +0000 The global seaborne crude oil market grew during the first quarter of 2024, but this wasn’t the case with the Arabian Gulf. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for...
by | May 9, 2024 | News
Fri, 26 Apr 2024 21:00:58 +0000 The International Energy Agency’s (IEA) latest Oil Market Report paints a surprising picture for the future of oil. While global oil demand is expected to notch up some growth in 2024 and 2025, the pace of that increase is slowing...
by | May 9, 2024 | News
Sun, 28 Apr 2024 21:00:57 +0000 As April draws to a close, the crude freight market sentiment for VLCC and Suezmax tankers segments confirms a downward trajectory, contrasting with a sense of stability observed in the Aframax Med route, albeit accompanied by a decline...
by | May 8, 2024 | News
Thu, 25 Apr 2024 21:00:59 +0000 Ship owners have been quite active in the newbuilding market for yet another week. In its latest weekly report, shipbroker Banchero Costa said that “active and dynamic market, shipbuilders are experiencing very strong demand and the...
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