The World Trade Organization (WTO) has slightly revised its forecast for global merchandise trade growth in 2024, predicting a 2.7% increase from the previous estimate of 2.6%. However, the organisation warns that downside risks remain, primarily due t…
WTO raises 2024 trade forecast, but risks remain Read More »
A rise in global newbuilding ordering activity is expected to shift market dynamics in the future. In its latest weekly report, shipbroker Xclusiv said that “the global shipbuilding industry has witnessed a significant rebound in the past two years, pr…
Future Ship Supply Rising as Global Orderbook is Growing Read More »
This week’s focus underscores a rise in the number of crude oil barrels transported from the Arabian Gulf countries to the Far East, amid ongoing tensions in the Middle East, with Saudi Arabia playing a pivotal role. Meanwhile, the growth in tonne-days…
Crude oil flows AG – China Read More »
LPG shipping has been facing several headwinds, including an oversupplied market and muted growth in the LPG and olefin trades. However, new ordering in 2024 has maintained its momentum. Despite the concerns of oversupply from 2027, the expected increa…
LPG orders at a record high in 2024; will this momentum continue in 2025? Read More »
The shipbroker recycling market showed a slightly downward trend last week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week in the ship recycling industry, India saw a downward trend in t…
Ship Recycling Market Lower Last Week Read More »