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Market Reports

Gibson Weekly Tanker Market Report [W20]

Whilst many members of the OPEC+ group are struggling to achieve its allotted output quota, one country that has been able to is Iraq......

Gibson Weekly Tanker Market Report [W19]

Spot VLCC earnings were in the negative territory for most of last year, with TD3C averaging minus $250/day on a slow steaming, non-scrubber, non-eco...

Gibson Weekly Tanker Market Report [W18]

In recent weeks, headline refining margins have surged to record levels, whilst clean tanker rates have also tested or exceeded previous records depending on...

Intermodal Weekly Market Report [W17]

While observing the ship repair market since the beginning of the year, uncertainty remains part of the daily challenges Owners must encounter for repairing...

Gibson Weekly Tanker Market Report [W17]

Tanker investments these days are not a straightforward decision...

Intermodal Weekly Market Report [W14]

In spite of the previous year’s momentum in the secondhand market which was characterized by a plethora of dry bulk and containers SnP materialized...

Gibson Weekly Tanker Market Report [W13]

As the sanctions effort ramps up against Russia, governments around the world are seeking ways to wean themselves off Russian oil, whilst also managing...

Intermodal Weekly Market Report [W13]

The Russia-Ukraine war has dealt a triple blow to sunflower oil, palm oil, and soybean oil supplies...

Gibson Weekly Tanker Market Report [W13]

The combination of high oil prices and the need to find alternatives to Russian crude has led to renewed interest in North Sea oil...

Gibson Weekly Tanker Market Report [W12]

While the sanctions’ list against Russia is growing longer as the days go by, the International Energy Agency (IEA) is warning that Russian exports...

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Trafigura publishes 2023 interim results showing a strong performance

Trafigura, a market leader in the global commodities industry, released its 2023 Interim Report today for the six-month period ended 31 March 2023. The results...

Globus Q1 results hit by weak dry bulk market

Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated operating and financial results for the quarter ended March 31, 2023. Revenue $8.6 million...

BW LPG appoints new CFO

BW LPG announced that it has appointed Ms Samantha Xu as Chief Financial Officer (CFO), effective 1 September 2023. Ms Xu has over 20 years...

Frontline Posts Highest First Quarter Results Since 2008

Frontline plc reported unaudited results for the three months ended March 31, 2023: Highlights Highest first quarter profit since 2008 of $199.6 million, or $0.90 per...

Diana Shipping posts slightly lower Q1 profit; takes out $123m in loans

Diana Shipping reported net income of $22.7 million and net income attributed to common stockholders of $21.3 million for the first quarter of 2023....

Celestyal Participates In Promotion Of The Tourist Destination Of Central Macedonia

Celestyal, the award-winning, number one choice for travellers to the Greek Islands and the...

Capesize, panamax gains drive Baltic index higher

The Baltic Exchange’s main sea freight index rose for a fourth straight session on...

Baltic rises to over 3-month peak on firm demand for larger vessels

The Baltic Exchange’s main sea freight index rose on Wednesday to scale its highest...

Baltic index logs best day in nearly 3 months

The Baltic Exchange’s main sea freight index posted its biggest single-day gain since mid-March...

Taiwan Shipping Firms Set to Hand Out Bumper Bonuses Again

Taiwanese shipping companies are handing out bumper mid-year bonuses despite a slump in global...

Iraklio port tender set for another delay

The opening of the binding financial offers for 67% of Iraklio Port Authority had been scheduled for Thursday, but this is no longer expected...

APM Terminals extends concession of Kalundborg container terminal

APM Terminals has reached an agreement with the Port of Kalundborg to extend the concession of Kalundborg container terminal by 10 years to 2033. In...

US West Coast port workers shut terminals in showdown over pay

The employers of more than 22,000 dock workers at U.S. West Coast seaports on Friday said the union representing those laborers “is staging concerted...

DP World Completes Terminal Expansion Project Vancouver Port

DP World has completed the AED954 million ($259.78 million) Centerm expansion project, increasing container throughput at the Port of Vancouver by 60 percent. The terminal...

DP World completes AED 954 million Vancouver port expansion

DP World and the Vancouver Fraser Port Authority have celebrated two historic events – the completion of the Centerm Expansion Project at DP World...