The tanker market is expected to benefit from further growth in ton-mile demand. In its latest weekly report, shipbroker Xclusiv said that “the International Energy Agency (IEA) has reported a significant slowdown in global oil demand growth, with the …
Ton Mile Demand Growth to Propel Tanker Market Forward Read More »
“During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices could be deterring contracting, yet in the second-hand market, where prices rose 15.2% y/y, t…
Dry bulk newbuild contracting fell 34.2%, despite a strong market Read More »
This week’s chart illustrates the increase in the monthly volume of Ukrainian grain shipments during the first half of this year (left chart), following Russia’s withdrawal from the Black Sea Grain Initiative in the summer of 2023. Despite …
Dry Bulk Market: Ukrainian Grain Shipments to all Destinations Read More »
Orders for newbuilding bulkers are still among the main choice by ship owners. In its latest weekly report, shipbroker Banchero Costa said that “interesting activity reported in the dry bulk newbuilding market: Singapore based Owner Winning Internation…
Newbuilding Bulker Orders Picking Up the Pace Read More »
As global trade continues to rely heavily on maritime routes, the security of these waterways remains a critical concern. The mid-2024 reports on maritime security from the International Maritime Bureau’s Piracy Reporting Centre (IMB PRC) and the…
Shifting tides: Global piracy trends and emerging threats in 2024 Read More »