Crude-tanker rates just soared past $150,000/day
Crude-tanker rates have now reached levels not seen since before the global financial crisis.
Crude-tanker rates have now reached levels not seen since before the global financial crisis.
VLCC rates are now at or near $100,000 per day, courtesy of U.S. sanctions targeting China’s COSCO.
Capital-market sentiment is so bad in New York that ship owners may end up raising more money in Oslo this year.
This week, VLCC tanker rates are rising, whereas both trans-Pacific box rates and Capesize bulker rates are slipping.
The International Energy Agency now believes implementation of the new fuel rule could be “much smoother than expected.”
Tanker major Euronav has revealed new details on its strategy to counter IMO 2020 risks.
Can listed shipping shares break out of their slump before the U.S.-China trade dispute is resolved?
Refinery repairs and OPEC wreak havoc on rates, but there is always the next quarter.
If U.S. crude output were to lose momentum, it would be felt by tanker owners much more so than before.
Peak oil demand “lurks like a monster in the shadows,” warns Stifel analyst Ben Nolan.
Capesize owners were afraid to ballast to Brazil when a key Vale mine was closed. Now there are too few Capesizes in the Atlantic Basin, pushing up rates.
Hope springs eternal for shipping stocks. Some analysts claim now is finally the time to jump back in.
East Coast refinery outage spurs more trans-Atlantic gasoline cargoes from Europe.
Geopolitical and trade tensions are having an increasing effect on shipping rates.
Is a recovery near for VLCC crude tanker spot rates? Not yet, warns an an analyst at VesselsValue.
If a trade war pares GDP growth, OPEC cuts may be extended, weighing tanker rates.
There are some positive signs for shipping rates, but overall, disappointment prevails.
Tanker companies like Euronav expect to see financial benefits from impending environmental regulations, which will change the type of fuel burned at sea and could eventually limit how fast ships can go.
After languishing for years, tanker stocks are rising in 2019. Investors are seeking to get in early on the belief that the turnaround in rates is nigh. They’ve been wrong before — will their bets pay off this time?