The ship recycling market has been a mixed bag over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “in the ship recycling sector, different regions are grappling with their unique ma…
Ship Recycling Markets a Mixed Bag Read More »
Crude tanker owners are enjoying a dream run in charter rates as stretched voyages due to the Russia-Ukraine War and the Red Sea crisis have tightened the market, especially the mid-size tanker segments. While spot rates are expected to remain firm unt…
Should crude tanker owners start trimming spot exposure? Read More »
While the shipping industry is still coming to terms with the EU Emissions Trading Scheme (“EU ETS”) the next decarbonisation initiative, FuelEU Maritime (“FuelEU”), is rapidly sailing into view. FuelEU is part of the EU’s Fit for 55 Packag…
Demand for second hand bulkers has been quite strong since the start of 2024. In fact, according to the latest data, as reported by the latest weekly analysis from Intermodal, “the dry bulk sale and purchase activity has demonstrated remarkable strengt…
Dry Bulk Second Hand Ships in High Demand Read More »
Since early May, shippers, forwarders/NVOs, ocean carriers and ports have experienced a return to capacity challenges, soaring spot freight rates, chronic port delays and a surge of traffic volumes. Some shippers are having issues securing capacity at …
Red Sea diversions and slower ports cause bigger-than-expected issues – will they last? Read More »