The ship recycling market has continued its lackluster mode over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week in ship recycling, the markets across all major destination…
Ship Recycling Market Still in Decline Read More »
As January draws to a close, the Capesize Brazil–North China freight market maintains a relatively stable sentiment. Although highs have yet to be achieved, the market remains steady. In contrast, the Panamax Continent–Far East route shows weaker senti…
Dry Weekly Market Monitor: Panamax Market (ECSA Ballasters & Demand) Read More »
“In 2024, new crude oil tanker deliveries dropped to a 36-year low as only 17 new tankers, with a capacity of 2.5m deadweight tonnes (DWT), joined the fleet. Compared to 2023, the capacity delivered dropped by 74%,” says Niels Rasmussen, Chief Shipping…
Crude oil tanker newbuild deliveries drop 74% to 36-year low Read More »
CEO says Maersk would deploy South Korean and Japanese ships to US routes ‘but there wouldn’t be enough’
Vincent Clerc plays down impact of mooted US duty on Chinese-built ships Read More »
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to its lowest level in 23 months on Wednesday, as rates dipped across all vessel segments.The overall index, which factors in rates for c…
Baltic Index sags as all vessel sectors disappoint Read More »