DNB Markets says oil price could hit USD 100 a barrel
An optimistic scenario could see the oil price go above USD 100 per barrel, DNB Markets forecasts in its latest oil market report. It won’t take much for it to happen, oil analyst Helge André Martinsen says to ShippingWatch.
Thursday’s board election at tanker operator Euronav may determine the fate of the large-scale merger with Frontline. The newly elected board will have to reconfirm the merger, states Euronav CEO to ShippingWatch.
Shanghai, which has been shut down for weeks and caused chaos in logistics chains, is heading for a gradual return to normal. But it could take significantly longer before container traffic sees stability return, says shipping analyst.
The technology available for carriers currently fits freight ships better than ferries, according to DFDS. The carrier thus expects to launch ’green’ freight vessels first and will soon choose which fuel to bank on, says top exec.