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The long term demand for crude oil in the state of California, could be a sign of things to come for the tanker market, as the world, gradually, moves towards cleaner energy sources. In its latest weekly report, shipbroker Gibson…
The tanker market has benefited from the fact that the EU is now established as the single largest importer of crude oil by sea. In its latest weekly report, shipbroker Banchero Costa said that “2023 so far has been another…
With the US market not able to fully service the European continent, more crude oil VLCC cargoes have started flowing out of the Middle East market. In its latest weekly report, shipbroker Gibson said that “in recent years we have…
Lower values of China’s dry bulk exports have triggered shifts in major routes. In a recent weekly report, shipbroker Xclusiv Shipbroking said that “China, the world’s second-largest economy suffered a sharp decline in exports and imports in July in terms…
Newbuilding ordering activity has remained high, despite the usual summer slowdown. In its latest weekly report, shipbroker Allied Shipbroking said that “over the past two weeks the pace of new order contracting has remained fairly high, with a decent number…
The ship recycling market is still looking for a solid trend, as it remains in flux. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “at present, there seems to be too many obstacles to give any comfort…
A new growth story is needed in the product tanker market, as ship owners reassess the next source of demand for the years to come. In its latest weekly report, shipbroker Gibson said that “for product tankers, much of the…
Shippers on the trade are taking full advantage of this new reality, regaining the upper hand after the 2021-2022 pandemic period delivered dramatically high freight rates. Xeneta’s real-time data, crowd-sourced from leading global shippers shows the strongest are now paying…
“Driven by continued growth in minor ore demand in China, global seaborne minor ore exports rose 7% y/y in the first seven months of 2023, vastly outpacing the 2% y/y growth in overall dry bulk exports,” says Filipe Gouveia, Shipping…
Marco Bognolo, Vice President Basic Design, Merchant Ship Business Unit, Fincantieri Marco Bognolo serves as Vice President of Basic Design in the Merchant Ship Business Unit of Fincantieri. Thanks to the extensive experience previously gained in various disciplines of the…