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The latest Gibson Market Report focused on the age profile of the VLCC fleet and the prospects for trading life beyond 15 years of age.
Analysis of the Suezmax fleet shows a similar picture,
After the oil industry suffered from a severe drought in Venezuela, forest fires in Canada and rebel attacks on oil installations in Nigeria, it is now facing
The prices of WTI and Brent crude briefly rose above $50/bbl during intraday trading on Thursday, the highest level seen since the end of July 2015, giving traders a brief moment of optimism,
“Scrapping ships and no new builds is the fastest road to recovery for the dry bulk market”
BIMCO President Philippe Louis-Dreyfus comments on BIMCO’s latest market
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday helped by an increase in demand for capesize vessels.
The U.S. Coast Guard informs it is continuing to monitor and respond to the 833-foot U.S. cargo vessel Roger Blough, which ran aground Friday afternoon on Gros