Asian operators thrive on secondhand units in 2021
Sector has seen heavy spending on secondhand tonnage since the market lows of 2016
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April 2022
Wan Hai top Asian buyer of secondhand boxships, but big names largely absent
Major players opt for newbuildings while midsize operators bet on existing tonnage, data show
Wan Hai top Asian buyer of secondhand boxships, but big names largely absent Read More »
Tankers: Strategic Petroleum Reserve Release is Positive for the Tanker Market
The tanker market needs every good news it can get these days and the impending strategic petroleum reserve release seems to be a net prositive for it, even if not to the extent required to lift rates in a significant manner. In its latest weekly repor…
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Dry Bulk Market: Capesize Market Not Very Active
Capesize Overall it was not a very active week, with limited fresh cargo support from either of the basins. The BCI and timecharter average started the week at a level close to 1800 points and $15,000, but remained in negative territory until a margina…
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The Clydebank declaration: green corridors kickstarting the adoption of long-term solutions
The Clydebank Declaration was launched at COP26 in November 2021 with initial supporters including Australia, Belgium, Canada, Chile, Costa Rica, Denmark, Fiji, Finland, France, Germany, Ireland, Japan, the Republic of the Marshall Islands, the Netherl…