Prices for second hand bulk carriers have been rising, reflecting the overall positive trend in the dry bulk market. In its latest weekly report, shipbroker Intermodal said that “the dry bulk market has seen a rise in secondhand asset values this year….
Dry Bulk Carriers Becoming More Expensive Read More »
A new form of security following the declaration of general average (GA) has the market wondering if a real change has occurred. In brief, the answer is a resounding “no”, although the process is slightly simpler and the new form has some provisions th…
Tune-up for general average form Read More »
A major explosion has occurred on a container ship while berthed at the port of Ningbo-Zhoushan in China in another incident that raises serious safety concerns. The incident took place today, Friday, with video footage showing a massive explosion onbo…
S. Korean shipyards are faced with labor shortages in August, with unknown consequences. In its latest weekly report, shipbroker Xclusiv said that “South Korea’s shipbuilding industry is facing disruption as unions at major shipyards, including H…
S. Korean Shipyards: Labor Disruptions Ahead Read More »
This week’s chart shows that the growth in tonne days for dirty tankers has slowed since May compared to last year, with a continued decline into August. This suggests that dirty tanker demand is weakening as the summer season ends, confirming th…
Tanker Demand Growth – Tonne days Read More »