10 October 2010
Following the summer dip where Capesize was hit badly, dry bulk freight rates have once again bounced back like a tumbler. Capesize rates are back at year-to-date average around USD 30,000 per day. Capesize freight rates are moving like a heartbeat, but at lower and lower pulse levels and going deeper and deeper as more vessels enter the market. In spite of remaining inefficiencies in the supply chain, slow steaming, and continued strong demand for raw materials going forward, the big ships are in for a fundamental imbalance between supply and demand.
29 September 2010
The shift in oil demand is causing shorter sailing distances, so in order to maintain the fundamental balance with the present fleet in the tanker markets, the oil demand has to grow twice as much in the East as the oil demand shrinks in the West.
14 April 2010
Floating storage is coming down on the narrowing of market contango, but persists in playing an important part in tanker demand
10 February 2010
Winter all year long seems to be what is needed to balance the tanker market in 2010
15 April 2010
The challenge of redeploying laid-up vessels in a market flooded by newbuildings creates a market balanced on a knife edge
13 June 2010
VLCC freight rates settled down to around USD 45,000 per day in the second half of May but continue at sustainable levels that have been the norm in that market
04 May 2010
Following a very welcome period of rate hikes due to the tough Winter in the northern hemisphere, the Spring is here now and the product tanker markets
17 April 2019
Chinese imports of iron ore keep falling, while its crude steel production keeps growing.
20 February 2019
The oil market is notoriously linked to geopolitics. Most recently, the political situation in Venezuela creates turmoil in the region and particularly affects crude oil exports.
21 June 2019
VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between 13 June 2019 and 20 June 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz.