Back in the Aristotle Onassis era, a Suez Canal closure was a tanker game changer. Today, tanker upside from the canal accident is limited.
Headlines may proclaim “$300,000 per day” but most crude tankers are not making anything close to that.
Peak oil demand “lurks like a monster in the shadows,” warns Stifel analyst Ben Nolan.
Shanghai Stock Exchange-listed China Merchants Energy Shipping (SSE:601872) is engaging in a new private share placement of up to 4.1 billion Chinese Yuan to fund a fleet renewal program.
Australia’s east coast grains industry suffers an ongoing drought causing severe shortfalls, and grains are being moved from West Australia to East Australia in record volumes to the point where the industry will have to consider importing grain from overseas.
A quick round-up of what you need to know about maritime today, but didn’t have time to learn about, yet.
A prolonged bear market for crude oil tankers have resulted in the deletion of triple the number of ships sold for scrap, compared to last year.
