Outlook going into 2023 meant Norwegian owner took a punt on rising spot rates instead
Avance Gas proven right on time charters during period of ‘pitiful’ VLGC sentiment Read More »
State-owned shipbuilder will be building three 175,000-cbm gas vessels for the Chinese shipowner
Cosco’s energy arm orders series of LNG carrier newbuildings Read More »
The dry bulk market is benefiting from the increase of seaborne coal trade in Asia, with China increasing its imports considerably during the course of the year. In its latest weekly report, shipbroker Intermodal said that “in recent weeks, Chinese eco…
Dry Bulk Market: Asia’s Coal Imports Offering Support Read More »
Competition continues to decrease financing margins for shipowners Banks and Debt Funds are cooling their appetites on Dry and Tanker transactions due to asset values unjustified by current earnings Container financing has stabilised due to renewed fin…
Tankers at the Top and Offshore on the Up Read More »
Long-term ocean freight rates slid once again in August, marking the 12th consecutive month of declines for beleaguered carriers. According to the latest real-time data from the Xeneta Shipping Index (XSI®), contracted rates fell 7.8% in August, meanin…