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Finance & Markets

Japanese-built Dry Bulkers Still in High Demand

Buying interest remains high for both newbuilt and second-hand Japanese bulkers. However, all ships aren’t equal. In its latest weekly report, shipbroker Xclusiv said that “Japan’s dry bulk shipbuilding market is dominated by a relatively small group of established builders, but the balance between historical fleet presence and current newbuilding activity varies considerably across vessel ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

Read the original at hellenicshippingnews.com →

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U.S. Oil Inventories Jump as Cushing Stocks Keep Falling

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by a very large 7.14 million barrels in the week ending September 11.

  • U.S. crude oil inventories rose by 7.14 million barrels in the week ending September 11
  • Commercial crude oil inventories fell over 41 million barrels in the past 22 weeks
  • Strategic Petroleum Reserve held 285 million barrels as of September 11

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