Weak demand for oil and oil products, fuel in particular, continues to present a major challenge for tanker carriers, which are currently sailing at rates below break-even, writes Bimco in an update.
"Average earnings have dropped below USD 10,000 per day since June for all crude oil tankers, with many trades offering negative earnings," notes the shipping association.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Persistent Svitzer spat set to end in Australian labor court
Maersk-owned carrier Svitzer and three Australian labor unions have been negotiating new work conditions for years, until the tugboat operator asked Australia’s Fair Work Commission to end the dispute.
Ten people arrested for illegal fuel trade in Singapore
The Singaporean police suspects ten persons of having made illegal dealings with ship fuel. The ten people have been arrested as well as charged with fraud and handling stolen goods.
Oil declines as market watches Russian pipeline
Russia says Ukraine has halted the flow in oil pipeline Druzhba as sanctions against the former country have blocked fee payments.
Seaspan to supply container fleet with green fuels
Seaspan has a new strategy underway, through which the major tonnage provider plans to use its network to enter a number of a new business areas, with one area being delivery of green fuel to its customers.
Close cooperation among liner companies to be evaluated over the next eight weeks
The European Commission invites carriers and customers to comment on the special cooperation rules applying to the container industry, which have recently come under heavy fire. They have eight weeks to do so.
Assistant Fleet Superintendent 
Senior Associate – Group Strategy Office 
Head of Airfreight 
Adm. Director of Svendborg District Heating 
Operations Manager for B-Gas A/S in Copenhagen 
Logistics coordinator with responsibility for our shipping activities 
Operations Controller – Weco Tankers 
Legal secretary for Shipping / Offshore / Transportation 
A lawyer (chief consultant) is wanted for People & Culture