Tag: Markets
ENGINE partners with PRIMA Markets on bio-bunker price benchmarks, and launches Fuel Switch Snapshot
Biofuels have become considerably more mainstream as bunker fuels in the past year and market participants are looking for ways of benchmarking their buying performance against their peers. Combining ENGINE’s conventional bunker fuel benchmarks with PRIMA Market’s assessed biofuel benchmarks, and backing them up with stems, generates robust B24 and B30 benchmarks for Rotterdam, Singapore…
Shipping Market’s Prospects Look Rosier Despite Challenges
Despite the challenging environment, under which the shipping industry must operate today, prospects for tankers and to a lesser degree bulkers, remain rosy. In its latest weekly report, shipbroker Intermodal said that “2023 has been a very challenging year so far. We have seen the war in Ukraine still going on, persisting inflation, high interest…
Panama Canal: Is the Situation Affecting the Tanker Markets?
The delays in Panama Canal crossings, as a result of the low water levels in the area, are starting to cause a major “headache” among the supply chain industry ahead of the Holiday season. However, there are also implication in the tanker shipping markets as well. In its latest weekly report, shipbroker Gibson said that…
Shipping Markets: Summer Was a Mixed Bag
The shipping market had a mixed performance over the summer period. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “summer moved on and September is “ante portas” but things remain quite unchanged. The Chinese economy is still struggling to find her footsteps after the end of the zero Covid policy. China’s numbers concerning…
Complications Still Hampering the Indian sub-continent Ship Recycling Markets
The ship recycling market is still facing complications. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as India celebrates the ‘Chandrayaan-3’ mission to the Moon, making space history being the first nation to land at the Moon’s South Pole, no such celebrations are paramount from the Alang recycling yards with local market…
Dry Bulk Market: Mixed Performance for the Capesize and Panamax Markets
Capesize In the Pacific, the week began with promising involvements from all three majors, yet this enthusiasm did not translate into substantial market gains, yielding a relatively stagnant atmosphere. As the week unfolded, Pacific trading maintained a decent cargo volume, although the presence of surplus tonnage limited potential gains and led to a relatively stable…
