Dry Bulk Market: Capesizes Faced a Tough Week

Sun, 13 Sep 2020 21:00:58 +0000 Capesize It was a tough week for Capesize owners as the market was seen to ebb away on underwhelming activity levels. It’s uncharacteristic for this time of the year, although 2020 is anything but normal. The week’s movement...

Dry Bulk Orderbook Almost Half than What it Was Back in 2016

Thu, 17 Sep 2020 21:00:59 +0000 With the world trade expected to heavily contract this year, it’s no surprise that the dry bulk orderbook has diminished quite heavily. In its latest weekly report, shipbroker Allied Shipbroking said that “it is undoubtedly a period in...

Tanker Market On the Back Foot in August

Fri, 18 Sep 2020 21:00:59 +0000 The tanker market faced downward pressure during the month of August. According to the latest monthly report from OPEC, “dirty tanker rates in August settled into the lower levels seen since the end of June and are likely to remain for...

Tankers: A Vaccine Would Boost Oil Demand

Sun, 13 Sep 2020 21:00:59 +0000 The rebound of the tanker market is mostly dependent on the release of a vaccine to combat COVID-19, as this will prove to be the determining factor towards unlocking the global economy and with it, oil demand. In its latest weekly...