“So far this year, ship transits via the Panama Canal have increased 8% y/y to a daily average of 38, driven by the tanker sector. Transits have been especially high during the past five weeks, rising 16% y/y, as US energy exports to the Pacific …
Strait of Hormuz disruption helps drive 8% rise in Panama Canal transits Read More »
The ship recycling market was still subdued during the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the Indian market has softened this week, with sentiment under pressure due to the …
Ship Recycling Market Remains Subdued Read More »
Ship to ship (STS) transfers are an established part of dry bulk operations, and they are growing. As new trading areas and cargo flows emerge, STS operations are expanding into regions where port infrastructure or draft limitations make direct berth a…
At a Glance Iran is moving to formalize a state-administered transit-toll regime under the new Persian Gulf Strait Authority (PGSA), with reported per-transit payments of up to $2 million settled in Chinese yuan and Bitcoin transfers to IRGC-linked wal…
Demand has been quite high in the dry bulk sector, with more owners looking to acquire modern tonnage. In its latest weekly report, shipbroker Xclusiv commented that “dry S&P activity remained firm this week, with a notable volume of transactions a…
Dry Bulk Carriers In High Demand Read More »