Shanghai Junzheng orders chemical tanker newbuildings worth up to $270m
Owner signs for two firm vessels with four options
Shanghai Junzheng orders chemical tanker newbuildings worth up to $270m Read More »
November 2022
Cash buyer sells capesizes on for Pakistan scrapping but prices still falling
Brokers report no new major deals in struggling recycling sector
Cash buyer sells capesizes on for Pakistan scrapping but prices still falling Read More »
Middle East offshore poised for supercycle after near decade-long lack of investment
Oil demand has returned to pre-Covid levels, matching the level of supply once more
Middle East offshore poised for supercycle after near decade-long lack of investment Read More »
Rate Uncertainty Rules the Ship Recycling Market
The ship recycling market has remained subdued over the course of the past week, solidifying the general market negativity of the past few weeks. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the steel markets continue to fa…
Rate Uncertainty Rules the Ship Recycling Market Read More »
Dry Bulk Market: Slight improvement in supply/demand balance despite weakness in China
Highlights The Baltic Exchange Dry Index (BDI) remained low in the fourth quarter due to congestion easing and weak demand in China. The IMF forecasts the global economy to grow by 2.7% in 2023 and by 3.2% in 2024, following a downward revision. In its…
Dry Bulk Market: Slight improvement in supply/demand balance despite weakness in China Read More »