The dry bulk fleet has aged as a result of minimal scrapping activity of late. In its latest weekly report, shipbroker Xclusiv said that “during Q1 2024, a total of 1.77 million DWT of bulk carriers and tankers were demolished. This is increased compar…
Bulker Fleet Ageing As Demolition Activity Slows Down Read More »
With marine insurance being an important component of vessel operating costs, we have done a review of the latest trends in P&I and H&M as part of the assessment for Drewry’s upcoming Ship Operating Costs report. Protection & Indemnity – ma…
The Red Sea crisis continued unabated during March with the frequency and intensity of attacks at a high level for almost the entire month, although attacks from the Houthies did seem to enter a pause towards the end of March. It also became a month wh…
FBX Index April 2024: No Red Sea solution in sight Read More »
The tanker market is destined for further growth, as a supply/demand imbalance and geopolitical tensions, keep fuelling its further growth. In its latest weekly report, shipbroker Intermodal said that “the tanker shipping market is navigating through a…
Tankers Primed For Further Growth Moving Forward Read More »
Currently, tanker asset prices are red-hot, with second-hand values and newbuilding prices at their highest levels in the last 15 years amid strong market fundamentals. While high freight rates and tight tonnage availability have underpinned second-han…
Tanker prices hit record highs, but sustainability in question Read More »