The ship recycling has remained sluggish throughout the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “exploring the ship recycling destinations for this week. India’s market con…
Ship Recycling Activity Still Experiencing Downturn Read More »
Clarksons Research have released a review of the global shipbuilding market in 2003. Summarising the review, Steve Gordon, Managing Director of Clarksons Research, commented: “2023 was a year of recovering output, increasing prices and a good flow of o…
What a difference a month can bring about. Up until mid-December the baseline outlook for container shipping 2024 was for a continued cyclical downturn likely with freight rates bottoming out in late Q1 or early Q2 2024. After this, it was anticipated …
FBX Index January 2024: Expect disruptions to continue Read More »
While all the headline attention regarding the tanker and energy market is focused on the Red Sea, another source of disruption could be emerging in Libya. In its latest weekly report, shipbroker Gibson said that “the Libyan oil sector is no stranger t…
Tankers: Is Another Source of Disruption Under Way? Read More »
Capesize The capesize market concluded the week on a relatively sombre note. The Pacific market struggled with limited participation from the miners throughout the week, resulting in declining rates driven by tonnage build-up and an overall shortage of…
Dry Bulk Market: Capesizes Retreat Read More »