Conditions in the various ship recycling markets have been quite challenging over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the four key ship recycling destinations are current…
Challenging Conditions in the Ship Recycling Market Read More »
Drewry’s analysis of the dry bulk market indicates that investing in second-hand Capesize vessels at current heated values is unlikely to generate enough returns to justify the associated risks and cost of capital, based on the long-term charter rate p…
Soaring asset prices in Capesize second-hand market make investments unattractive Read More »
This week’s chart (on the right) illustrates the relationship between the number of ballast vessels on the Capesize C3 route and the evolution of C3 $/mt freight rates (Brazil – NChina). We observe a gradual decline in the number of ballast…
Dry Bulk Market: Supply Dynamics Capesize C3 & C5 routes Read More »
Newbuilding ordering activity seems to be slowing down over the past couple of weeks, after the multitude of new orders submitted in the first part of the year. In its latest weekly report, shipbroker Intermodal said that “as we edge closer to the end …
Newbuilding Ordering Activity Starts to Slow Down Read More »
Yesterday, on this very important annual occasion, the Day of the Seafarer, INTERCARGO would like to express its heartfelt appreciation of seafarers, the truly unsung heroes of the sea, and their families worldwide. The world’s seafarers support the tr…
Day of the Seafarer 2024 – Safety First and Foremost Read More »