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…
Will the India-Middle East Corridor (IMEC) replace a large chunk of the Suez Canal traffic to Europe? Nope! At most, a few crumbs. Dry canals cannot compete with ‘wet’ canals! And that is why there is no truly dry canal in the world. The he…
Beyond the Houthis’ attacks on shipping: The absurdity of the India-Middle East Corridor Read More »
Tanker newbuilding have gone up by about 50% on average, since 2020. In its latest weekly report, shipbroker Xclusiv said that “following the previous week’s analysis on dry bulk values, we now focus on analysing the tanker price evolution over the pas…
Tanker Newbuilding Prices Up 50% Since 2020 Read More »