A disappointing week for those who had expected a rally and thereby increasing rates for the VLCC’s when we embarked on the May program on both Meg and Wafr. Rates are at best flat as the volumes which are not covered...
Another uneventful week with falling rates in both hemispheres. A growing tonnage list, combined with little new fresh cargoes in the market the rates are again under pressure, especially in the north Atlantic. TA rat...
The market in the East has been rather active this week with quite a few fixtures done. A handful of cargo enquiries were floated for the 2nd decade of May loading in the Middle-East, and consequently freight rates ga...
Few newbuilding orders this week. The British owner Hadley Shipping booked one firm Kamsarmax at Yangzijiang, with one option. KOTC continued their orders for tankers, four firm MRs are reported at Hyundai Mipo.