product tankers

Time-charter rates can offer a clearer view on future sentiment than headline-grabbing spot rates.

IMO 2020-driven refining activity and tanker demand appears to be materializing slower than previously expected.

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.

East Coast refinery outage spurs more trans-Atlantic gasoline cargoes from Europe.

Shipping rates are clawing their way back from lows set earlier this year.

Specialist liquid-gas ocean carrier Navigator Gas evidently had a faulty compass in the first quarter of 2019 as it reported a $3.3m loss. The company attributed its results to geopolitical issues along with a variety of one-off incidents around the world. Together they tended to cause an oversupply of ships and a softening of rates in its niche-sector.