Tanker ordering activity has continued to dominate newbuilding contracts over the past week. In its latest weekly report, shipbroker Intermodal said that “this week saw more tanker orders as low orderbooks and high freight rates encourage owners to ord…
Tanker Newbuilding Orders Going Strong Read More »
Supply/demand balance For crude tankers, we forecast that the supply/demand balance will tighten further during both 2024 and 2025. Low fleet growth, along with increasing sailing distances, create the foundation for the improvement despite a slowing o…
BIMCO: Tanker Market strengthens despite slowing oil demand growth Read More »
The Aframax dirty tonne days experienced a significant surge in growth starting from mid-January, particularly in the route from the Mediterranean to the Baltic/Black Sea. By the end of February, the freight market sentiment once again showed weakness …
Aframax dirty tonne days from Med/UK Continent to the Baltic / Black Sea Read More »
Ship recycling prices have reached higher grounds, as a result of persistent lack of vessels on offer. In its latest weekly report, Best Oasis (www.best-oasis.com), among the leading cash buyers of ships, said that “over the past week, the ship recycli…
Ship Recycling Prices Moving Higher, as Lack of Tonnage Still Evident Read More »
At the end of the month, there’s a notable upturn in the Capesize Brazil to N China route, with rates reaching new highs since the year’s outset. However, it remains uncertain whether this firmness will persist into March. Interestingly, de…