The ship recycling market was further hampered by the developments of the past week and the escalation of warfare between Iran and Israel. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship r…
Middle East Tensions Further Hurt Ship Recycling Activity Read More »
The dry bulk market is expected to be less affected by the ongoing situation between Iran and Israel; however, examining the current situation can help determine the best way to position oneself in the market. Given that the region bordering the strait…
The global dry bulk fleet is facing a sharp contraction in younger, more efficient tonnage, with the supply of vessels under 15 years of age projected to fall by 22% by 2028, according to new analysis shared by Oliver Kirkham, Senior Valuation Analyst …
Global dry bulk fleet set to drop 22% in young tonnage by 2028 Read More »
Ship owners were quite active in the dry bulk newbuilding market last week. In its latest weekly report, shipbroker Banchero Costa said that “the Greek company DryDel ordered an Ultramax 64,000 dwt at Imabari. No price was disclosed, delivery is set fo…
More Newbuilding Contracts for Dry Bulk Carriers Read More »
Escalating tensions between Iran and Israel are analysed for their potential effects on global energy markets, particularly concerning the Strait of Hormuz. While historical data indicates a full closure by Iran is improbable, disruptions via attacks, …