VLCC spot rates have fallen under further pressure over the past week; although more first decade of October cargoes showed up

Whilst the weekly figures are still in positive territory, with only the 5700 TEU segment

Seasure Market Report 25 September 2020

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) changed insignificant on Sep.24: 380 HSFO – USD/MT – 290.81 (-2.79) VLSFO – USD/MT – 339.00 (0.00) MGO – USD/MT – 405.14 (-1.15) Meantime, world oil indexes changed irregular on Sep.24 amid a stronger dollar and a renewed wave of COVID-19 cases in Europe that led to renewed travel restrictions in several countries. Brent for November settlement increased by $0.17 to $41.94 a barrel on the London-based ICE ...

NEW BUILDING: Just one order to report this week, with Nordic American Tankers (NATs) announcing contracts for two firm 157,000dwt Suezmax

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) demonstrated slight irregular changes on Sep.23: 380 HSFO – USD/MT – 293.60 (+0.16) VLSFO – USD/MT – 339.00 (+1.00) MGO – USD/MT – 406.29 (-0.47) Meantime, world oil indexes rose on Sep.23 after the Energy Information Administration reported an oil inventory draw. Brent for November settlement increased by $0.05 to $41.77 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for November rose by $0.13 ...

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

Last week was so quiet you could hear a pin drop in the VLCC market.

A slight improvement in the capesize market sentiment this week thanks to an increase in iron ore demand from Australia to China.

After a few weeks of increased interest in the crude sector, the drive behind the VLCCs has slowed with some fixtures failing as hopes of a second floating storage boom fade away.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) decreased slightly on Sep.22: 380 HSFO – USD/MT – 293.44 (-2.14) VLSFO – USD/MT – 338.00 (-7.00) MGO – USD/MT – 406.76 (-6.25) Meantime, world oil indexes edged up on Sep.22 before the API’s data release, despite the worsening demand sentiment in the market brought on by reports of increasing coronavirus cases. Brent for November settlement increased by $0.28 to $41.72 a barrel on the London-based ICE Futures ...

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

Undoubtedly, this year (ongoing) will never be forgotten because in a matter of months it has managed to severely affect

Allied Shipbroking – Weekly SnP Statistics Report Week 38 2020

Seaborne iron ore prices reached a six-year high due to China’s insatiable demand for steel amidst