The ship recycling markets showed signs of recovery as buyer demand is present. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the Indian market trended softer through most of the week, and despit…
Ship Recycling Market Looking Primed for a Recovery Read More »
The Baltic Capesize Index opened the week marginally firmer, while weekly performance remains lower, indicating continued sensitivity in the freight market. Ballaster availability remains elevated across both basins, with approximately 160 vessels (5-d…
January Snapshot: Capesize Ballasters & Demand Read More »
Potential redirection of Venezuelan crude oil exports could boost already high tanker rates in the near to medium term due to a shift to the mainstream fleet from shadow tankers, Fitch Ratings says. Any shift in the transportation of Iranian oil from t…
Tanker Shipping Rates May Rise due to Venezuelan Oil Redirection Read More »
Ship owners have been quite active both in the newbuilding and the S&P markets over the past few days. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, Hong Kong-based owner Seacon Shipmanagement placed an order…
Ship Owners Flock Towards the Newbuilding Market Read More »
A 5% increase in global steel exports in 2025 was driven by a surge in Chinese exports. Steel flows in 2025 are 5% higher than in 2024. China has driven the increase in outward steel flows, as its exports rose by 19%. Elsewhere, outward steel flows fel…
Commodity Radar: China continues to target export markets Read More »