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Tanker shipping: sky-high freight rates have given way to a profitable winter market supported by the fast-approaching IMO 2020 Sulphur Cap

25 November 2019

BIMCO expects freight rates will once again come under pressure after the end of the high seasonal demand in Q4, as well as the boost from the sulphur cap. The fleet growth of 6.3% in the crude oil tanker market and the 4.8% growth in the oil product fleet will have its consequences on the supply and demand balance.

Payment of hire - NYPE 46

08 March 2019

Although the New York Produce Exchange Charter Party 1946 (hereinafter “Nype 46”) is probably the most widely used time charter party form still, it is not a very good form in this day and age. It dates back to 1946 and readers will agree that quite a few things have changed since then! However, it would be naive simply to ignore it.

Sale & purchase report dated 26 February 2019

04 March 2019

Stabilizing freight markets for both bulkers and tankers gave a small boost to SnP activity in the past days, with MR candidates gathering most of the interest as far as tankers are concerned and Dry Bulk buyers focusing almost exclusively on modern tonnage. The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers.

Sale & purchase report dated 19 February 2019

20 February 2019

SnP activity was down across all sectors compared to the week prior, with dry bulk deals showing a clear preference on vintage Supramax and Panamax candidates, while on the tanker side focus was on modern tonnage.  The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers.