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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Wet
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 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 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
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 1, 2019
2019 so far has proved to be a year dominated by geopolitical events. (more…)
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June 24, 2019
As we noted in our report dated 7th June, the slowing global economy, partly driven by the ongoing US-China trade war is starting to impact...
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June 13, 2019
Hope springs eternal in the human breast." So said Alexander Pope, whose dictum is still as profound as it is poetic. Hope is of course...
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June 10, 2019
China officially increased tariffs up to 25% on $60 billion of US products from 1st June, following the US decision to increase tariffs on $200bn/year...
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June 6, 2019
There are very few bright spots anywhere for the VLCCs and it has not been for some time. (more…)
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June 5, 2019
The first semester of 2019 started as a fairly positive semester for the off-shore sector whilst there was a recovery on crude prices, as well...
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June 3, 2019
Many industries, including shipping, are facing an increasing environmental pressure to act upon the Paris Agreement. (more…)
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May 30, 2019
The MEG VLCC program for June is well under way with some 70 deals concluded so far. (more…)
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May 29, 2019
Reflecting on the first quarter of 2019, the product tanker market was healthy, with average earnings significantly up compared to the first quarter of last...
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