The crude and product tanker trades in the West Africa are about to change, after the recent inauguration of the Dangote refinery in Nigeria. In its latest weekly report, shipbroker Gibson said that “the long-awaited massive 650kbd Dangote refinery in …
Tankers: West Africa Oil Trade Shifting Read More »
Capesize Throughout the week, the Capesize market experienced mixed dynamics. Monday began with a relatively active start as the major players fixed cargoes from West Australia to China, alongside tender and operator cargoes. However, rates softened sl…
Dry Bulk Market: Capesize Market in Mixed Mode Read More »
There wasn’t too much movement in the S&P or the newbuilding markets this past week. In its latest weekly report, shipbroker Allied Shipbroking said that it was “a very quiet week for Newbuilding orders, with only one notable deal coming to light. …
Newbuilding Ordering Activity Slows Down Read More »
In recent years the world fleet of bulk carriers has become noticeably older, with the average age increasing by about a third, amid very low scrapping. This ‘maturing’ vessel longevity trend may continue in the near future, although further ahead tigh…
An ageing bulk carrier fleet Read More »
“In 2022, Chinese shipyards reached a market share of 47% and for the first time exceeded the combined market share of Japanese and South Korean shipyards,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. Ships delivered to new owners by Chinese…
Chinese shipyards hit record 47% market share in 2022 Read More »