Available ships for scrapping have become a rarity, over the past few weeks, with demolition activity being negatively impacted. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that in India, “the marke…
Limited Ship Availability Hurting Ship Recycling Read More »
The VLGC market in 2025 remained highly volatile, with occasional rate spikes overshadowed by weak fundamentals. Vessel oversupply and fragile demand, along with factors such as US loading disruptions, fluctuating arbitrage, and tariff uncertainties, w…
VLGC market in 2025: A rollercoaster ride with more dips than peaks Read More »
UN Trade and Development’s (UNCTAD) year-end Global Trade Update shows East Asia, Africa and South–South trade powering gains, even as rising uncertainty shapes the outlook for 2026. Global trade is on course to exceed $35 trillion in 2025 for the firs…
Global trade to hit record $35 trillion despite slowing momentum Read More »
Newbuilding ordering activity picked up the pace over the past week, as the year end draws closer. In its latest weekly report, shipbroker Banchero Costa said that “in the tanker sector, UK-based Zodiac Maritime placed an order of 2 x 306,000 dwt VLCCs…
Newbuilding Activity Picking Up Pace Read More »
Fitch Ratings has maintained its deteriorating outlook for the global shipping sector, reflecting geopolitical and policy risks, according to an Outlook report released today. The sector will also be affected by the lower GDP growth we expect across mo…
Fitch Ratings: Global Shipping Outlook Is Deteriorating in 2026 Read More »