The ship recycling has remained challenging over the course of the past few days. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market has finally shown a very slight sign of hope, in…
Ship Recycling Market Remains Challenging Read More »
VLCC freight rates surged over $100,000pd, following the rise in OPEC+ output and a sharp rebound in tanker demand, which drove second-hand values to a new peak in October. This uptick is likely to continue in 4Q25 amid tight tonnage supply and the ons…
A surge in shipping rates drives the second-hand prices of crude tankers Read More »
The maritime industry is experiencing a phase of rapid technological development. The shift from paper charts to continuous digital connectivity is resulting in a myriad of operational changes. With it, comes growing environmental concerns and ever-str…
Modernising maritime safety in a tide of technology Read More »
More Capesizes have been added to the global orderbook over the past week, according to shipbroker reports. In its latest one, shipbroker Banchero Costa said that “in the bulk sector, China’s Taizhou Kouan Shipbuilding secured an order for 2 x 210,000 …
More Capesizes Added to the Global Orderbook Read More »
The strong rally in crude tanker stocks this year has been driven by a surge in charter rates, underpinned by rising oil inventories due to increased OPEC+ supply. Tanker stocks have gained a significant momentum, particularly crude tanker companies wi…
Will crude tanker stocks continue their upwards momentum? Read More »