Sales at fuel stations, and pipeline flow all suggest that the slump in oil demand is recovering.
Oil traders believe it will take more than a year for the market to recover.
It may take much longer before...
Crude oil trends and prices experience bouts of volatility as storage fills across the world.
The historic rout in oil markets sent the US crude oil prices to negative USD 40 a barrel.
There is no change in...
It usually takes just half a day to unload a massive cargo ship of its cars, but since demand is way down, a shipment of about 2000 new Nissan/Infiniti vehicles had to sit offshore for a while.
The...
According to an article published in Oilprice.com, a global upheaval is likely to result from the oil price crash, upending the current fragile balance of power because key oil-producing countries, including Iraq and Nigeria, can’t buy their way out...
USPS is shipping mail and parcels to ten European countries via ocean freight.
This is due to widespread flight cancellations and restrictions due to COVID-19.
The first batch of mail shipped to Europe is carrying five containers of...
The once attractive VLOCs are phased out due to safety concerns.
43% of the VLOC fleet has been sent to the scrapyards.
18% of the fleet is idled or damaged.
VLOCs were converted from single-hull VLCC towards the...
The Baltic Briefing has released a report about the dry bulk market of the 18th week of shipping activities of this year. The report dated 01st May highlights the plight of the dry bulk market at the on-sight of...
Hapag-Lloyd has delayed its 23,000 teu newbuild plans as the liner faces up to the realities of plummeting demand for container transport due to coronavirus, reports Splash247.
Giant boxship orders on hold
Hapag-Lloyd had been expected earlier this year to join...
Diana Shipping Inc. has entered into a time charter contract with Pacbulk Shipping.
The charter is for one of its Capesize dry bulk vessels, the m/v Seattle.
This employment is anticipated to generate approximately US$6.32 million of gross...
Value Investor's Edge Live hosted Frontline's CEO to get the latest 'on the ground' (on the water?) viewpoint in the tanker markets.
CEO Robert MacLeod reviewed the VLCC, Suezmax, and LR2 markets and Frontline's positioning.
We discussed spot...
