Jamie Dale
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Paper traders take a break as tanker rates ease off
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 bulkers fuel action
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.
Sharp drop in dry bulk OTC trading
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.
VLCC players braced for Opec cuts fallout
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.
Coastal Bulk ceases trading
BRITISH shipping company hit by sharp fall in revenues as a result of economic downturn.
VLCC rates face 'substantial pressure' from Opec cuts
AGGRESIVE cuts pose dangerous challenge to tanker market, warns Dahlman Rose.