How much US shale oil production is taken out of service will be a key driver of future tanker shipping earnings, according to the latest edition of the Tanker Forecaster published by global shipping consultancy Drewry.
Twenty Year Low on Bulk Carrier Orders
May 15, 2015 by Leave a Comment
Dry bulk orders fell during the previous four months to 0.4m DWT/month which is one of the lowest levels since the 90s. According to Clarksons this is something to be expected especially when we are talking about a market with Capesizes earning approximately $4,000/day.
Officer of the Watch 