ShippingWatch

This week's top stories on ShippingWatch

The anticipated reopening of the Iranian market, the tanker boom, the crisis in the oil industry, word from Germany's Oldendorff, and burgeoning signs of improvements in the collapsed dry bulk sector characterized the past week on ShippingWatch.

Photo: Euronav

The expected reopening of the Iranian market following the nuclear accord has sent carriers flocking to the Middle Eastern country.

MSC is optimistic about opportunities in Iran

Maersk eyes big potential in the Iranian market

Container shipowners rapidly resume services to Iran

 

The massive tanker boom

The strength of the tanker market rebound has surprised the international analyst corps, who became because upgrading their forecasts after interim reports from players such as Euronav, Scorpio Tankers and d'Amico.

Tanker boom is significantly stronger than expected

Photo: Richard Drew, AP
Photo: Richard Drew, AP

Euronav made more than USD 92 million in Q2

Italy's d'Amico in best half year since 2008

Scorpio Tankers made USD 96 million in first half of 2015

Photo: DHT Holdings
Photo: DHT Holdings

DHT Holdings earned USD 22.2 million in Q2

Nordic American Tankers expands fleet again

 

The low price takes its toll

The low oil price continues to draw a dark trail for employees in the offshore industry, and oil majors including Norway's Statoil both directly and indirectly point to further layoffs in statements this week.

Another day, another 10,000 oil jobs axed

Biggest increase in Norwegian unemployment in six years

Fredriksen's Archer announces more layoffs after loss

Photo: Harald Pettersen/Statoil
Photo: Harald Pettersen/Statoil

Nordea: Oil price may be headed back down below 50

Statoil looking to trim costs further

Unemployed offshore vessels piling up off Norway

 

Brighter days ahead for dry bulk?

Has the massive downturn in dry bulk come to a halt? There now seems to be, at long last, a few positive signs on the horizon, for instance visible in the rate development for the major Capesize vessels - but there is still a long way to go.

Analysts: New sentiment arriving to dry bulk

Photo: Rotterdam Havn
Photo: Rotterdam Havn

Pacific Basin lost USD 15.4 million on dry bulk

Scorpio Bulkers suffers new major deficit 

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