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

Oil prices settled higher on Wednesday as U.S. gasoline consumption showed signs of a recovery, but price gains were limited by rising crude inventories and an increase in coronavirus infections. Both benchmarks were on track for a fourth session of daily percentage changes of less 1% in either direction, shrugging off news that OPEC member Libya was adding to global supplies by reopening its Es Sider oil terminal for exports. U.S. gasoline inventories tumbled by 4.8 million barrels as demand climbed to 8.8 million barrels per day, the highest since ...

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

After a couple of weeks of inactivity in the VLCC market, this week kicked off with a flurry of activity

With the summer lull already in full swing there has been very little enquiry for the crude timecharter market this week and rates have moved lower.

The capesize period market pushed up again this week with healthy interest in short-term fixtures around the one-year mark as demand for the West Australia to China route remained strong.

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

During the previous month, the dry bulk market witnessed an impressive increase in the BDI index that has reached 1800 points from 500

Allied Shipbroking – Weekly SnP Statistics Report Week 27 2020

Tanker:  VLCC values have softened.

As Covid-19 cases rise, market is still unstable and yet buyers are seeking to close deals at today’s prices. Bangladesh despite the upward

Oil futures ended largely steady on Monday as positive economic data supported prices, while a spike in coronavirus cases in the United States that could curb fuel demand pressured prices. “The competing forces in the oil market right now are the reopening of economies around the world, increasing oil demand, countered by concerns about economies closing around the world due to a resurgence in the number of virus cases,” Andy Lipow, president of consultants Lipow Oil Associates. U.S. services industry activity rebounded sharply in June, almost returning to its pre-COVID-19 ...

On the back of booming shale gas production, the United States have now emerged as the third largest exporter

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

With the first half of the year now concluded, it has undoubtedly been a period of high shocks for the dry bulk market