VLCC orders
COSCO Shipping Energy Transportation unveiled a 24-VLCC expansion, signing contracts worth RMB9.48bn ($1.42bn) for ten supertankers and lining up another 14 through long-term bareboat charters.
For the desk Twenty-four new VLCCs from one owner reshape long-term supertanker supply and the time-charter benchmarks Interorient's tanker desk works against.
Splash247
Dry bulk rates
The Baltic Dry Index rose for a fourth session on Monday, up 1.8% to 2,854 points, its highest since October 9, with the capesize index also advancing.
For the desk Firmer BDI and capesize levels feed directly into Interorient's dry-bulk fixtures and voyage estimates going into winter.
Hellenic Shipping News
Tanker rates
Lloyd's List reports that the crude tanker market correction has worsened in the wake of the US midterm elections.
Lloyd's List · reported, not yet confirmed
Coal
Shipbroker Intermodal says the thermal coal market is benefiting from strengthening demand as the winter heating season gets under way and elevated natural gas prices reinforce coal's cost competitiveness.
Intermodal via Hellenic Shipping News · reported, not yet confirmed