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The shipyards become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets
In some ways, EU carbon prices could be viewed as a barometer of mounting environmental pressure not just within Europe but on a global scale. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
The closure of the Colonial pipeline which runs from the US Gulf to the US East Coast, has caused a spike in oil product tanker rates on trades to and from the region.
US seaborne coal exports are up 57% in total volume and 61% in terms of tonne-miles for the first five months of 2017 compared to the same period last year. If US coal exports remain high throughout 2017 it will have a solid effect on the global seaborne coal trade and support the overall improvement in the dry bulk shipping industry.
BIMCO has published SHIPLEASE, a new standard term sheet for sale and leaseback transactions which will be presented at a series of free seminars in the coming months. We will start with two online seminars and, as soon as the situation allows, live networking seminars will be planned in Asia, Europe and USA.
Recovering demand for US oil products has caused a 25.9% rise in US seaborne imports of oil products in the first seven months of 2021 compared to 2020, with imports so far this year totalling 26.1m tonnes.
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