The Bahamian flagged M/V Galaxy Leader was the target of a Houthi insurgent hijacking, approximately 50 nautical miles west of Hodeida in the Red Sea on November 19. The 189-metre car carrier, which was transiting empty, was en-route from Körfez, Turke…
Houthi Hijacking in the Red Sea: A Disturbing Escalation Read More »
More newbuilding orders were added to the global orderbook over the past week, albeit at a slower pace compared to the previous weeks. In its latest weekly report, shipbroker Allied Shipbroking said that “as the first week of December comes to a close,…
More Newbuilding Orders Added to the Global Orderbook Read More »
In the second week of December, the mood on the dry bulk market was mixed. Prices for Capesize vessels between Brazil and North China were down after the surprising upturn at the beginning of the month. In the smaller ship segments, however, the mood w…
A significant decrease in the U.S. grain exports to China following the spike in October Read More »
Flat fleet growth will define the tanker marker in 2024, according to Henry Curra, global head of research at Braemar. Speaking at the Baltic Exchange Tanker Forum, Curra expected a combination of low scrapping and cautious ordering to keep fleet growt…
Flat tanker fleet to support rates Read More »
The ship recycling industry regulatory and compliance status has improved significantly over the past couple of weeks, despite the fact that the market remains subdued. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as we hea…
Ship Recycling: Important Strides Made Globally Read More »