Ship owners have kept ordering newbuildings, with bulkers and tankers the main targets. In its latest weekly report, shipbroker Allied Shipbroking said that “the newbuilding market was quieter than in the previous week, but there was activity to be not…
Newbuildings: Tankers and Bulkers the Main Targets Read More »
The product tanker orderbook to fleet ratio has surged from 5.4% in December 2022 to 9.3% in June 2023, driven by a remarkable 337% y/y rise in contracting during the first half of this year. A spike in freight rates and product tanker demand is likely…
Contracting Of Product Tankers Jump 337% In The First Half Of 2023 Read More »
The last days of July are still quiet, with a weaker sentiment of freight rates in all size classes, while all eyes are on the Black Sea grain market after Russia decided not to extend the agreement that allows the safe shipment of Ukrainian grain thro…
July’s Spikes In The Number Of Ballasters With Rates Dropping Throughout The Month Read More »
US-listed dry bulk shipowner incurs higher costs as its older vessels undergo dry-docking to improve their efficiency
Safe Bulkers net profit drops amid slow markets and fleet upgrade Read More »
The vessel gets caught up on a reef off the Yucatan Peninsula
Grimaldi conro ship remains aground off Mexico for several days Read More »