Tag: Dollars
Tankers: The Effect on Dollar’s Strength Could Be a Bearish Sign
The tanker market could face headwinds from the dollar’s strength and the effect this can have on oil demand. In its latest weekly report, shipbroker Gibson said that “as the oil market contends with growing supply tightness until at least the end of 2023, macroeconomic headwinds are also at play. Central bank monetary policy is…
Manually Processing Demurrage Is Costing Charterers Millions Of Dollars
The ‘clipboard, pen and paper’ approach to creating Statement of Facts (SoF) documents is costing the shipping industry millions of dollars a year and leading to errors and inefficiency, maritime solutions company Voyager warns. Every year, an estimated 120 million events are manually logged by captains, agents, terminals and surveyors all over the world. And…
