The ship recycling markets have exhibited a mixed performance depending on each submarket. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “Indian recyclers continue to face challenges in securing …
Ship Recycling Market Showing Mixed Performance Read More »
China’s shipbuilding industry continues to dominate the global orderbook, and the past year has seen its top yards cement their grip on global contracting. The top 10 Chinese yards have collectively attracted significant newbuilding investment across a…
The Orderbook Giants: China’s Top 10 Yards Revealed Read More »
The US and Iran failed to reach a deal over the weekend, with the US announcing a complete blockade of Iranian ports, further undermining the already fragile two-week ceasefire starting from 8th April 2026. If enforced, vessel transits via the Strait o…
Stockdraws, sanction/replacement oil, demand loss Read More »
Activity over the past week looked to be more dynamic in the S&P front, rather than the newbuilding market. In its latest weekly report, shipbroker Xclusiv said that “on the On the Newcastlemax sector, Chinese buyers acquired the “RTM CARTIER” R…
Ship Owners Move Towards Second Hand Vessels Read More »
On February 28, the Iran war effectively closed the Strait of Hormuz. Within days, daily traffic through the world’s most critical oil chokepoint collapsed from roughly 120 vessels to a trickle — a 97% drop that left more than 800 ships stranded west o…
Windward: Q1 2026 Risk Report: Shipping’s Most Turbulent Quarter in 50 Years Read More »