Staying true to tradition, a number of newbuilding deals are believed to have been signed over the course of the Posidonia 2024 event, during the past week. With most of the major shipbuilders and ship owners under one roof, this is no coincidence and …
Newbuilding Orders Pick Up as Posidonia Wraps Up Read More »
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%. During the same period, the order book has grown by 72%, reaching its highest level since …
Newbuilding prices climb 3% to highest level in 16 years Read More »
This week’s chart visualises the 14-day moving average of actual port days for energy cargo at Far Eastern ports, comparing the Capesize, Panamax, and Supramax segments. As shown in the image below, there is a notable decreasing trend in the Cape…
Port Congestion, Far East Read More »
The ship recycling market was in a downturn over the past few days, as a result of the recent elections in India, while a further slowdown is expected in the coming days, because of the Eid holidays. In its latest weekly report, Best Oasis (www.best-oa…
Political Climate Takes a Toll on Ship Recycling Read More »
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first five months of 2024, an increase of c.129%. Newbuilding prices for the Large LNG sector of 174,000 CBM a…
LNG newbuilding values at record high: 78 newbuild orders placed in 2024, doubling 2023 Read More »