Egypt linked to record daily VLCC rate Dire warnings of depleting oil demand and land storage capacity may abound, but charter rates for very large crude carriers a...
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Floating storage at record levels as tanks fill up on land Shipowners profit as chaos in oil market leaves traders with distressed and unsold cargoes CRUDE st...
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Clean storage crisis triggers record product tanker earnings As the scale of the crude oversupply emerged this week traders seek tankers for floating storage of jet...
Details +‘Now is the time to prepare for post-coronavirus world’ Shipping is already emerging from the sudden shock phase of the coronavirus pandemic, and now has to restruc...
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Floating storage profits surge as oil price collapse widens contango The contango in oil markets — when the future price is higher than the spot price — is so steep that f...
Details +Capesizes hold firm despite Vale's sharp 2020 iron ore cut The Brazilian mining giant Vale has cut its iron ore production forecast for 2020 by 25m to 30m tonn...
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Rotterdam warns throughput could fall by 20% The impact of the pandemic-driven economic slowdown will hit trade volumes. Europe’s largest port complex expects to ta...
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