Dry Bulk Shipping: Capesize Market Extends Recovery Phase

Capesize The market enjoyed another constructive week, extending the recovery that gathered pace at the end of the previous week despite a brief period of midweek consolidation. Overall sentiment remained positive, underpinned by healthy cargo volumes, consistent miner activity and improving confidence across both the Pacific and Atlantic basins. The Pacific continued to provide the …

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Pacific MR Economics Drive Regionalisation between Basins

The resumption of tanker transits via the Strait of Hormuz has helped restore crude flows to non-China Asian buyers, supporting a recovery in refinery runs across Northeast Asia. With refiners securing crude supplies for August delivery and working to rebuild depleted inventories, regional runs have rebounded toward seasonal averages. This has also lifted product exports, …

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VLCC Tanker Market on the Rise

Clean LR2 The TC1 75kt MEG/Japan index dipped to WS345 this week to then return back to its previous WS360 level. A voyage west dropped in value again this week with the TC20 90kt MEG/UK-Continent index going from $8.15 million to $7.94 million. In Europe the TC15 80kt Mediterranean/East index came off by a modest …

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