In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on ships in the Red Sea area have caused average sailing distances to increase…
EU Tanker Import Tonne Mile Demand Up 12% As Ships Avoid Red Sea Area Read More »
Sales volume in the ship recycling market has remained in low level territory, however an increase in prices offered, could help spark a trend reversal in the coming week. In its latest weekly report, Best Oasis (www.best-oasis.com), one of the world’s…
Price Increase Could Trigger More Ship Recycling Sales Read More »
There are several elements of unpredictability affecting our shipping market forecasts for the second quarter of 2024. The Chinese economy’s recovery currently teeters on instability, casting a shadow of uncertainty over the industry due to China…
Greece’s revitalised shipbuilding industry will be prominently represented during Posidonia 2024, signalling a strong recovery following decades of decline and disrepair. The sector’s Greek renaissance is on the cards after the completion of the consol…
Posidonia 2024 marks the rebirth of the Greek shipbuilding industry Read More »
The dry bulk fleet has aged as a result of minimal scrapping activity of late. In its latest weekly report, shipbroker Xclusiv said that “during Q1 2024, a total of 1.77 million DWT of bulk carriers and tankers were demolished. This is increased compar…
Bulker Fleet Ageing As Demolition Activity Slows Down Read More »