The ship recycling market has remained stagnant over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the global ship recycling market remained largely stagnant this week, with limit…
Ship Demolition Still Stagnant Read More »
The current market conditions in the global shipping industry resemble the mid-cycle transition seen in previous shipping cycles – a phase where the market appears stable on the surface, but underlying pressures are quietly building. That’s the c…
Global shipping industry in mid-cycle transition Read More »
With extensive coastlines on both the Pacific and Atlantic Oceans, the US is a maritime nation. The US economy and national security depend on sea power. In the early 1950s, the US had approximately 1,288 US flagged vessels engaged in international tra…
Uncharted Waters: The Ships For America Act Proposes a US Maritime Renaissance Read More »
The shipping industry and most notably, the container shipping segment is expected to benefit from the latest positive developments in the US-China trade tensions. In its latest weekly report, shipbroker Intermodal said that “last weekend brought encou…
Shipping Stands to Benefit from the US-China Trade War Truce Read More »
In a period of especially great uncertainty, it is perhaps not surprising that bulk carrier owners are avoiding some hard decisions. In recent months bulk carrier newbuilding orders disappeared while sales for demolition remained minimal. Despite a rap…
Bulk Carrier Owners: Tackling Hard Decisions Read More »