The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange...Read More
Danish Maersk Tankers partners up with Norwegian Klaveness Digital Klaveness Digital has spent three and a half year on developing a cloud-based platform for processing, storing and export of operational...Read More
Tankers The year’s 31st week was relatively positive for owners of larger tankers. The rates for both VLCC and Suezmax rose, while the Aframax rates experienced a minor fall. It...Read More
Tankers The past two weeks have lifted the rates, despite the low season, to acceptable levels for the owners. We do not expect any major upticks before Q4, but the...Read More
Tankers The spot rate for Aframax continued its correction last week. The latest movement in the oil market is looking very positive for the sector, but it is common that...Read More
Removes production cuts equal to 1 million barrels a day According to Reuters, OPEC has reached an agreement, despite the disagreement that existed before the meeting, to reduce production cuts...Read More
