Shipowners join newbuilding dash as costly cyber rules loom
Cyber resilient regulation drives up newbuilding price
Shipowners join newbuilding dash as costly cyber rules loom Read More »
June 2024
Yacht Crew Expected to Deny Arson Charges Over Fire on Greek Island
The crew members of a yacht accused of starting a forest fire last week on the Greek island of Hydra are expected to deny arson charges when they appear before a judge on Wednesday, a legal source said.Wildfires are common in the Mediterranean…
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Challenging Conditions in the Ship Recycling Market
Conditions in the various ship recycling markets have been quite challenging over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the four key ship recycling destinations are current…
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Soaring asset prices in Capesize second-hand market make investments unattractive
Drewry’s analysis of the dry bulk market indicates that investing in second-hand Capesize vessels at current heated values is unlikely to generate enough returns to justify the associated risks and cost of capital, based on the long-term charter rate p…
Soaring asset prices in Capesize second-hand market make investments unattractive Read More »
Dry Bulk Market: Supply Dynamics Capesize C3 & C5 routes
This week’s chart (on the right) illustrates the relationship between the number of ballast vessels on the Capesize C3 route and the evolution of C3 $/mt freight rates (Brazil – NChina). We observe a gradual decline in the number of ballast…
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