There is a terrific mess in Europe, and the attitude of the newly-elected Greek government that it must be granted debt relief is posing a massive challenge.
The price of petroleum jumped more than 8 percent today to $48.28/barrel, but our latest survey (see graph below) indicates a consensus view that it will stay around $50/barrel during the months ahead.Meanwhile, there is a terrific mess in Europe. Chances are that the eurozone will muddle through as it has in the past, although the attitude of the newly-elected Greek government that it must be granted debt relief poses a massive challenge. Some blame Germany and other large members of the EU for imposing unbearable austerity requirements on a democratic government. Others suggest th...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
