Newbuilding ordering activity remained elevated over the course of the past week. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding business focus of the week is the activity in the tanker market which keeps on piling up. Th…
Newbuilding Orders Keep Piling Up Read More »
This week’s chart (on the right) illustrates the correlation between the number of ballast vessels for Panamax-size ships in the ECSA region and the evolution of P6 $/mt freight rates. Meanwhile, the left chart examines the daily volume loaded (1…
Dry Bulk Market Demand Dynamics – Panamax P6 Read More »
As part of a CEF Study project co-funded by the European Union, Port of Rotterdam, in collaboration with the municipality of Rotterdam and various partners in the port of Rotterdam, is conducting four feasibility studies for shore power. This takes pla…
Shore power for tankers has a significant potential to reduce in-port emissions Read More »
The ship recycling market has been a mixed bag over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “in the ship recycling sector, different regions are grappling with their unique ma…
Ship Recycling Markets a Mixed Bag Read More »
Crude tanker owners are enjoying a dream run in charter rates as stretched voyages due to the Russia-Ukraine War and the Red Sea crisis have tightened the market, especially the mid-size tanker segments. While spot rates are expected to remain firm unt…
Should crude tanker owners start trimming spot exposure? Read More »