China is leading the necessary expansion in shipbuilding capacity, in order to cover the influx of new demand. In its latest weekly report, shipbroker Xclusiv said that “the Chinese shipbuilding industry is experiencing a significant expansion, driven …
Chinese Shipbuilding Industry in Rapid Expansion Read More »
This week’s special focus is on the growth of VLCC dirty tonne days from all origin countries to all destinations (left chart). In August, we observed a decreasing trend, reflecting a pattern similar to the previous year, when the market also experienc…
VLCC Dirty Tonne Days Growth for All Destinations and from the AG to China Read More »
“Between January and August 2024, coal shipments to India rose 10% y/y, outpacing an 8% y/y increase in domestic coal mining. Thermal coal shipments were a key driver, supported by strong electricity demand and coal import mandates. During the rest of …
Coal shipments to India jump 10%, but growth could slow Read More »
The ship recycling markets have remained in limbo over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling markets across the major destinations continued to face a ch…
Ship Recycling Market Still in Limbo Read More »
The decreasing trend in the number of Capesize ballasters in the South Atlantic supports the recent signs of a rebound in C3 market rates. This week’s charts reveal a notable surge in Capesize freight market rates for the Brazil to North China ro…
Dry Weekly Market Monitor : Capesize Ballasters View Vs Baltic Rates Read More »