The lethargy in subcontinent recycling markets continues for another week as owners and cash buyers continue to offload tonnage at spiralling prices, chasing down rates seemingly by the day, reports GMS.“We have seen prices decline from over USD 600/LT…
Lethargy Continues in Ship Recycling Market Read More »
Cosco-controlled liner company says cautious outlook is appropriate, given market challenges and uncertainties
OOCL says challenges remain despite recent positive market sentiment Read More »
A cargo of Iranian crude oil that was seized by the United States was unloading on Sunday after waiting two-and-a-half months off the coast of Texas to discharge, ship tracking data showed.Suez Rajan, a Marshall Islands-flagged tanker, has been anchore…
Iranian Oil Cargo Being Unloaded After Long Delay Read More »
Japanese reefer specialist linked to disposal of chemical carrier, while Middle Eastern group reportedly shedding more product vessels
Toei Reefer said to have sold final tanker as GEM also linked to MR sales Read More »
A new growth story is needed in the product tanker market, as ship owners reassess the next source of demand for the years to come. In its latest weekly report, shipbroker Gibson said that “for product tankers, much of the past decade’s investment was …
Product Tankers: What’s the Next Growth Story? Read More »