Fearnleys: Tanker Rates Sink Again

Tanker Rates Sink Deeper

A considerable slowdown has pushed tanker rates down in both Middle East Gulf (MEG) and West Africa, according ...

read more →

Bulker Demand Prevalent in Newbuilding Market

Bulker Demand Prevalent in Newbuilding Market

The newbuilding market saw four orders for 208k Newcastlemax at New Yangzijiang placed last week by German shipping ...

read more →

Gazpromneft to Double Fleet, Enter LNG Bunkering Market

Gazpromneft's Marine Fuel Sales up by Third

Gazpromneft Marine Bunker, operator of the Gazprom Neft bunkering business has, in the first nine months of 2014, ...

read more →

Tanker Market Flourishing, Dry Bulk Mostly Down

anker Market Flourishing, Dry Bulk Mostly Down

The Drewry All Earnings Index, which covers the main bulk shipping markets, jumped 53% in October to stand at 200 ...

read more →

Suezmax Tanker Market Strong

NAT CEO and Chair, Herbjørn Hansson

The recent drop in the oil price is positive for world tanker business, Herbjørn Hansson, Chairman & CEO of ...

read more →

Slight Improvement for Odfjell

Odfjell Forecasts Improvement amid Stronger Market

Norwegian shipping and tank terminal company Odfjell expects fourth quarter of 2014 to improve from the third ...

read more →

Long Range Tanker Market on Rebound

Long Range Tanker Market on Rebound

There has been a significant change in fortunes for struggling long range (LR) tankers in recent months, according ...

read more →

Nordic American Tankers Ready for Different Market Outcomes

Nordic American Tankers Readies for Different Market Outcomes

Nordic American Tankers has set out strategies for both a strong future tanker market and a weak one, saying that ...

read more →

New JV Bibby-USM Shipping Targeting Chinese Market

New JV Bibby-USM Shipping Targeting Chinese Market

Offshore market player Bibby Ship Management has formed a strategic alliance with Singapore-based United Ship ...

read more →

IEA: Asia Must Look to LNG Market Reforms

LNG Tanker

Asian governments must reform their natural gas markets if the region is to see an expansion in liquefied natural ...

read more →

Dry Bulk Market Set for Recovery

Dry Bulk Market Set for Adjustment

The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the 2014 is ...

read more →

Platts: Bullish Sentiment Prevailing in Atlantic ...

Bullish Sentiment Prevailing in Atlantic Panamax Market

Sentiment remained bullish in the Atlantic Panamax market with tonnage relatively tight, but there were few fresh ...

read more →

Platts: Atlantic Supramax Market Plagued by Overcapacity

Platts: Atlantic Supramax Market Plagued by Overcapacity

The Atlantic Supramax market continued to deal with an oversupply of ships in all its key regions, with demand for ...

read more →

Samsung Engineering Aims High in LNG Market

Samsung Engineering Aims High in LNG Market

Samsung Engineering Co., Ltd, the largest engineering company in Korea, will commence the Front End Engineering ...

read more →

TEN Positive About Tanker Market Conditions

TEN Positive About Tanker Market Conditions

Tsakos Energy Navigation (TEN), an Athens-based crude, product and LNG tanker operator believes that the recent ...

read more →

ESC Secretary Calls for Liberalization of ...

ESC Secretary Calls for Liberalization of Europe's Market1

The newly appointed Secretary General of the European Shippers’ Council (ESC), Nik Delmeire, called the new ...

read more →

Dry Bulk Market Facing Bleak Prospects

Dry Bulk Market Facing Bleak Prospects

The Hong Kong-listed Pacific Basin Shipping has issued its Third Quarter 2014 Trading Update, stating that the dry ...

read more →

Suezmax Tanker Market on the Rebound

Suezmax Tanker Market on the Rebound

This year has seen a major comeback of the Suezmax tanker market prompted by the recent surge in newbuilding ...

read more →

Market Uptake of LNG Too Slow

Market Uptake of LNG Too Slow

The switch to liquefied natural gas (LNG) as fuel for ships has been slower than expected and, as such, ...

read more →

Offshore Drilling Facing Soft Market Conditions

Offshore Drilling Facing Soft Market Conditions

Five-year credit default swaps (CDS) for offshore drilling companies in North America have widened 46% over the ...

read more →

Tanker Market Players Hoping for Higher Freight Rates

Tanker Market Players Hoping for Higher Freight Rates

Tanker market players have not lost their hope for an increase in tanker rates, however little movement is expected ...

read more →