Latest From Jamie Dale
WHILE some tanker derivatives brokers were still at their desk this week trying to just look busy, the reality is that trading has been limited.
SALES of older dry tonnage continuedto provide the bulk of activity lastweek, although inquiry levels remained high in all sectors with more sales expected before the year end, writes Jamie Dale.
OVER-the-counter trading in the dry bulk derivatives market has fallen in the fourth quarter to date by 81% year-on-year as traders opt for clearing.
VERY large crude carrier rates could see “substantial pressure” in 2009 if the latest production cut by Opec is realised, which may result in 33 fewer VLCC loadings per month.
BRITISH shipping company hit by sharp fall in revenues as a result of economic downturn.
AGGRESIVE cuts pose dangerous challenge to tanker market, warns Dahlman Rose.