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Market Reports
Tankers: The rock solid tank market continues the positive trend. The rates are both three and four times the cash breakeven in all major tank segments and generated huge cash flows for the shipowners. This is a combination of a tighter fleet, several vessels that are tied to longer contracts and high demand for floating...
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Tankers: It has been a much quieter week than the record rates we saw the week before in the VLCC and Suezmax segment. The rates from the Arabian Gulf to Asia continue to have a solid trend, while earnings on the routes to West Africa and Brazil have fallen significantly. Although interest rates have fallen...
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Tankers: We have had an adventurous week in the tanker market. After the Russia refused to participate in further cuts, the oil and tanker market has been turned on it’s head. Last week, the largest tankers had an average earnings of $279,259 per day. This is normally rare. Nevertheless, better rates in await in the...
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The current global situation has been dramatically changed after the outbreak of the COVID-19 virus. Described as a virus with significant high infection ratio, the pandemic has wounded both humans and the economy. To limit further infections, nations worldwide have taken several measures to cope with the virus. This has resulted in several businesses, big...
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