Top News by Hellenic Shipping News Worldwide
What does the top news covers?
It shall cover all the articles about every aspect of the industry, including ports, containers, and breakbulk lines; and ships and ship chartering. Coverage also includes the impact of recent industry mergers and acquisitions, and of emerging new technologies such as blockchain, artificial intelligence, and the Internet of Things.
Tops – Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping
- Crude Tanker Market: Atlantic Flows Could Shiftby hellenicshippingnews… on 15/09/2024 at 9:00 pm
Crude and product tanker flows in the Atlantic could shift as a result of a potential ramp up of production by the Olmeca refinery in Mexico. In its latest weekly report, shipbroker Gibson said that “the Olmeca refinery in Dos Bocas, Mexico, was inaugurated in July 2022 by Mexico’s president Andres Obrador and his successor, …
- Dry Bulk Market: Mixed Week for Capesizesby hellenicshippingnews… on 15/09/2024 at 9:00 pm
Capesize The Capesize market experienced a mixed week, beginning with positive sentiment but gradually facing increasing pressure. It was a slow start, although optimism remained as the BCI 5TC rose by $400 to $28,232, driven by limited but stronger Pacific fixtures. However, cargo volume and market momentum began to wane, particularly in the Pacific, leading …
- Asia’s appetite for Colombian coal pushing up Capesize demandby hellenicshippingnews… on 15/09/2024 at 9:00 pm
Drewry projects a 3.3% YoY gain in Capesize shipping demand in 2024 due to the shift in Colombia’s coal exports to the Far East. Freight rates on the Colombia-ARA route will be dampened as Europe, Colombia’s erstwhile major trade partner, is reducing its dependence on fossil fuel amid subdued electricity production and is emphasising the …
- Tanker Market Mixed During Augustby hellenicshippingnews… on 13/09/2024 at 9:00 pm
The tanker market showed mixed performance during the month August. According to OPEC’s monthly report, dirty spot freight rates for very large crude carriers (VLCCs) showed mixed movements in August, while Suezmax and Aframax rates experienced declines on all monitored routes. Softer seasonal demand resulted in a general downward drift in rates. VLCC spot freight …
- Tanker Weekly: Dirty Oil Shipments – Libyaby hellenicshippingnews… on 13/09/2024 at 9:00 pm
This week’s special focus is on the growth of VLCC AG supply for the first two weeks of September, as depicted in the left chart. The data shows promising signs of increasing supply, while WS rates are striving to establish firmer momentum. On the cargo side, illustrated in the right chart, the outlook appears more …
