Ocean carriers have generated about $190 billion of annual profits and about $130 billion of fresh cash in 2021, obtained mainly by charging higher prices. But will this exceptional transfer of cash be put to good use? The latest quarterly results anno…
Will the ocean carriers’ cash machine help or hurt shippers? Read More »
Ship owners have remained coy when it comes to placing a large number of newbuilding orders during the past week, as has been the case of late. In its latest weekly report, shipbroker Allied said that “the ship newbuilding market continued on an uninsp…
Ship Owners Reluctant to Commit to More Newbuildings Read More »
2021 was a record year for LNG carrier new orders with 86 60,000+ CuM ships placed. This comfortably beats the previous record in 2014 when 64 ships were ordered (even if 10 ships announced by Qatar, but not confirmed by South Korean yards aren’t count…
Higher cost, higher pressure, but lower Methane slip sees MAN’s ME-GI bounce back Read More »
2021 was the second year of the ongoing COVID-19 pandemic, marked by rapid recovery from the dramatic 2020 resulting from the initial outbreak in Q1 2020. Q2 of 2020 proved to be the worst quarter for global trade on record, but the situation started t…
The tanker market’s balance of demand and supply could be headed towards a more sustainable future down the line. In its latest weekly report, shipbroker Allied said that “the tanker market has been in a state of despair since the pandemic brought an a…
Tanker Market Looks for More Balance Down The Line Read More »