Markets

Markets

Fearnleys1

July 18, 2019

There’s been very little change in the VLCC segment over the last week. MEG rates remain stagnant, ranging in the mid ws40’s eastbound for modern...
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oil tanker

July 17, 2019

As recently as a year ago, the oil market was in a panic about changes to the kind of fuel that ships must burn. (more…)
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china_oil

July 17, 2019

One of the prevailing China narratives in commodity markets is that the trade dispute with the United States is weakening demand in the world’s biggest...
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rio-tinto

July 16, 2019

Rio Tinto on Tuesday flagged a cost blowout of up to $1.9 billion and a delay of up to 30 months at its Oyu Tolgoi...
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EA-Gibson

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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Fearnleys1

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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Intermodal

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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blm_

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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Gibson

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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A fuel tanker navigates near the Cienfuegos Oil Refinery some 240 kilometres, (150 miles), southeast of Havana February 7, 2013.

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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hedland_iron_ore_port_bulk

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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ships

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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Fearnleys1

July 4, 2019

A lacklustre week in the VLCC segment with rates under pressure, especially in the MEG. (more…)
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crude

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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Intermodal

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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