Activity in the S&P market is “sizzling hot” at the moment, with more owners entering the market for second hand tonnage. An improved freight rate market is seen as the main reason for this development. In its latest weekly report, shipbroker Allie…
Ship Sales Booming as Owners Are Looking to Ride the Wave of Higher Rates Read More »
Crude tanker shipping stocks have been trending upwards from the start of February, which has led to an 18.2% YTD gain in the Drewry crude tanker index. The index comprehensively outperformed the three key US market indices – while Dow Jones Industrial…
Surge in COVID-19 cases may curtail the rally in crude tanker stocks Read More »
The number of zero emission pilots and demonstration projects for the maritime industry now totals 106, up 38% over six months. And according to mapping produced by the Getting to Zero Coalition, there is a marked increase on hydrogen-based fuels in th…
Surge in zero emission pilots and projects Read More »
Prompt supply remains tight in several key East of Suez bunker ports this week. While Fujairah’s bunker market has mostly recovered from production issues two weeks ago, supply is now tighter as blending components have been held up in delayed tankers …
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
Offshore wind and other green trends a ‘long-term strategic play’, executive says
Crowley sees lucrative, long-term opportunity in wind Read More »