July 15, 2019
It is official. After weeks of speculation and some minor reshuffling in terms of meeting dates, in early July OPEC+ announced the extension of their...
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Markets
July 11, 2019
More of the same in the VLCC market this week with limited inquiry, stagnant rates and too many available ships seeking employment... (more…)
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July 10, 2019
In contrast with the general expectations for the dry bulk market, the sector was not positive or even stable during the past 6 months. (more…)
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July 9, 2019
Oil tanker owners are avoiding sending their ships to the Middle East’s main refueling hub after a spate of attacks on vessels in the past...
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July 8, 2019
The recent explosion at Philadelphia Energy Solutions’ (PES) 335,000 b/d Philly refinery has come at an opportune time for product tankers trading in the Atlantic,...
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July 5, 2019
Asian oil refiners are being squeezed by rising freight rates and insurance costs for shipping crude from the Middle East after attacks on ships in...
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July 5, 2019
There are tentative signs that the supply crunch that has driven iron ore prices to their highest in more than five years is starting to...
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July 4, 2019
They may still be six months away, but new rules on marine fuels are already sending shock-waves through the little-known world of refinery feedstocks. (more…)
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July 4, 2019
A lacklustre week in the VLCC segment with rates under pressure, especially in the MEG. (more…)
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July 3, 2019
April was a disappointing month for the crude oil shipping industry with a dramatic fall in US crude oil exports which caused tonne mile demand...
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July 3, 2019
The global shipping industry is facing numerous challenges at a time when geopolitical turmoil has escalated in view of the recent tension in the Middle...
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July 3, 2019
A US military plan to seek more international support to protect oil shipments through the Strait of Hormuz will be challenging, especially with President Donald...
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July 3, 2019
As Chinese refiners struggle with low profits from turning oil into products like gasoline and plastics that have prompted run cuts across the country, a...
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July 1, 2019
2019 so far has proved to be a year dominated by geopolitical events. (more…)
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July 1, 2019
The world’s oil refineries could have done more to be ready in time for new rules governing the kind of fuel that merchant vessels must...
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