Despite the Pakistani & Bangladeshi markets stabilizing and displaying a far greater aggression at the bidding tables over the last five weeks, it has been a remarkably quieter start to 2024 for ship recycling than many had anticipated, says cash buyer…
Subcontinent Ship Recycling Market Remarkably Quiet Read More »
The US Federal Maritime Commission (FMC) held an informal public hearing examining impacts from attacks on merchant shipping in the Red Sea and Gulf of Aden on February 7.Opening the hearing, Commissioner Carl Bentzel, voiced concern about safe…
FMC Mulls Investigation into Suez and Panama Canal Impacts Read More »
QatarEnergy has selected Qatar Gas Transport Company Limited (Nakilat) to be the owner and operator of up to 25 conventional-size LNG carriers pursuant to Time Charter Parties (TCP).The 25 vessels, each with a capacity of 174,000 cubic meters…
QatarEnergy Selects Nakilat to Own and Operate 25 LNG Vessels Read More »
The impact of the Red Sea crisis on tanker freight rates hasn’t been that great, apart from a few key routes and ship types, but that could soon change. The longer the Red Sea crisis continues, the bigger the impact is expected to be in the tanker mark…
Tankers: Red Sea Crisis Impact Not That Significant Yet Read More »
Capesize The capesize market started the week with a cautiously optimistic tone despite sluggish overall activity. Weather disruptions in China and a gradual start in the Atlantic were notable factors. By midweek there was a significant boost to market…
Dry Bulk Market: Capesize Market Slowing Down as China’s Lunar New Year Holiday Underway Read More »