The ship recycling market was in a downturn over the past few days, as a result of the recent elections in India, while a further slowdown is expected in the coming days, because of the Eid holidays. In its latest weekly report, Best Oasis (www.best-oa…
Political Climate Takes a Toll on Ship Recycling Read More »
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first five months of 2024, an increase of c.129%. Newbuilding prices for the Large LNG sector of 174,000 CBM a…
LNG newbuilding values at record high: 78 newbuild orders placed in 2024, doubling 2023 Read More »
The amount of crude oil and oil products flowing around the Cape of Good Hope, located at the southern tip of Africa, increased nearly 50% in the first five months of 2024 compared with the 2023 average as commercial vessels avoided chokepoints in the …
Red Sea disruptions increase oil flows around Cape of Good Hope Read More »
Demand for second hand bulkers, so far in 2024, has eclipsed the equivalent “appetite” for tankers. In its latest weekly report, shipbroker Xclusiv said that “the first five months of 2024 have drawn to a close, and activity in the bulker sale and purc…
Second Hand Bulkers In Higher Demand Compared to Tankers Read More »
Challenging bank conditions have been a significant “headwind” in the global ship finance market during 2023. In its latest annual report, Petrofin Research said that ““the global banking industry continued to face many challenges in 2023. The geopolit…
Greek Banks’s Rise in the Global Ship Finance Market Read More »