- BDI still down 10% despite recovery in capesize demand
- Coal shipments to advanced economies heading for a 15-year low
- Container ship deliveries hit new record of 2.5 million TEU
- Attacks on ships in Ukraine threaten 1% of dry bulk market
- Jet fuel shipments up 11% as airline traffic now exceeds pre-COVID levels
All eyes on US gasoline today; will demand exceed 9.2m bpd?
“Fill her up son, unleaded; I need a full tank of gas where I'm headed,” former Police-front man, Sting, sang back in 1999 on his solo album: “Brand New Day”. This country-inspired song could be the anthem for what is coming around next week, as Monday 31 May is Memorial Day in the US; the day that kicks off “the US driving season”.
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Posted:
26 May 2021
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