The ship recycling market is lacking available tonnage, despite strong buying interest. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market remains reasonably stable; however, activi…
Ship Recycling: Buying Interest Strong, But Tonnage Availability Limited Read More »
“The Iran war and the resulting disruptions to ship transits through the Strait of Hormuz have increased uncertainty for both the global economy and the dry bulk market. Around 4% of dry bulk cargoes and tonne mile demand typically sail through t…
Dry Bulk Shipping: Closure of Strait of Hormuz curbs demand growth Read More »
April ends with firm sentiment in both Capesize and Panamax segments. On the C3 route, freight levels are supported by ballaster counts trending below the 12-month average. In Panamax, low ballaster availability across the P1/P2/P7 routes signals an un…
Firmer Sentiment / Ballasters Dropping below 12m avg: Ballasters Vs Baltic Rates Read More »
More tankers and LNGs have been on the newbuilding ordering “menu” over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the gas carrier sector, China’s Zhoushan Dashenzhou Shipbuilding secured an order for 3 x 10,000…
Newbuilding Orders Picking Up Pace in the Wet Sector Read More »
On United Nations’ World Day for Safety and Health at Work, this year’s theme – “ensuring a healthy psychosocial working environment” – feels especially relevant at sea. There is no doubt that better connectivity has brought real benefits. …
Digitalisation at Sea: Opportunities and Risks Read More »