China’s steel market continues to show signs of softness. The National Bureau of Statistics reported crude steel production fell 2.5% year-on-year in May 2026 to 84.4 million tons, while pig iron — produced via blast furnace — declined 1.5% to 72.9 mil…
Iron Ore Surplus Builds as Chinese Steel Margins Remain Under Pressure Read More »
The ship recycling market has mostly remained in “wait and see” mode, after the recent developments in the Middle East. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “market sentiment in India ha…
Ship Recycling Looking For a Rebound Read More »
The ongoing lull in tonnage scrapping in the crude tanker market is signalling the calm before the storm, as we anticipate a massive surge in scrapping in the coming years. The aging fleet, surging orderbooks, regulatory pressure and changing geopoliti…
Crude tanker scrapping: The calm before the storm Read More »
The new mandatory performance standards introduce changes to the design and operational requirements for pilot transfer arrangements, including those already installed onboard ships in operation. Achieving compliance with the new requirements may neces…
New IMO requirements for pilot transfer arrangements Read More »
The newbuilding market has retained its strong momentum over the past week. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding market remains hot even this week, with tankers and containers again under the spotlight; Hong Kon…
Newbuilding Orders Going Strong Read More »