A shake-up in demand is needed for premiums to recover in the Singapore bunker market, which has seen tepid uptake and ample supply since mid-February, reports Platts.
Bunker Market Down Since February
"The market has not really picked up in April,...
IFRS 16 rule a significant change from the previous rules IAS 17, requires lessees to capitalise all leases, except for short-term leases and those of low-value assets.
Under IFRS 16, operating leases are required to be recognised on...
The Baltic Briefing has issued the tanker report for the 21st week of this year. The report dated 24th May 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities.
VLCC
Middle East Gulf rates...
All parties involved in the sale of the shipyard in the Helsinki, Finland, have agreed on the terms of the transaction, reports Tanker Shipping.
The new company established
In preparation for the closing, Arctech Helsinki Shipyard Oy (AHS) has established a...
The listing of Diamond S Shipping (NYSE: DSSI) in late March marked the largest U.S. stock market debut of a commercial vessel owner in four years. Now, the focus of analysts and investors is on how soon and how...
Index pullbacks that hold above the USD 9,499 support remain above the Fractal support and therefore bullish.
The June futures continue to show signs of potential exhaustion on the weekly technical.
However, the daily technical remains in trend...
Attempts to maximize utilization rates by refiners may tighten gasoline supply, further affecting the naphtha markets as the market remains flooded with light distillates.
Refiners are talking to various solutions including yield switching and going towards more crude...
In a major development, the Danish shipping giant A.P. Moeller-Maersk AS swung to a first-quarter loss and warned that rising trade tensions between the U.S. and China could cut container growth by up to a third this year, writes Costas Paris in...
The Baltic Briefing has released Bulk carrier maritime activity report for the 21st week of this year. The report formulated on 24th May 2019 highlights the situation in the bulk carrier market including trading activities, freight rates, and charter rates.
Capesize
...
BDI recorded at 1,068 points on 23 May 2019, up nine points on-day and remained above 1,000 mark.
The iron ore Fe 62% benchmark prices remained above $100/mt with Chinese ports inventory drop to almost a two-year low...
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