Newbuilding ordering activity kept up its rising trend over the course of the previous week. In its latest weekly report, shipbroker Allied Shipbroking said that “newbuilding market activity was kept at firm levels during the past week given the fair f…
Newbuilding Activity Picks Up Read More »
A steady growth trend has evolved in the world merchant ship fleet during the past few years. But this broad view hides contrasting changes among the main vessel types. In the period ahead, further large variations are likely among categories. Bulk car…
Momentous changes in the cargo ship fleet Read More »
After over two years of rising rates and overstretched capacity, the rapidly cooling ocean freight market looks set for an “extremely challenging” 2023, according to Oslo-based Xeneta. An in-depth analysis of the latest real-time ocean and air freight …
The ship recycling market is in a state of disarray, as tonnage availability has been scarce. Even when there are potential candidates, things aren’t quite that simple, as a result of a shortage of dollars in Bangladesh. In its latest weekly report, sh…
Ship Recycling in Dire Straits Read More »
In its latest analysis, S&P Global Market Intelligence, argues that a lack of newbuildings will limit tonnage supply during 2023, thus offering significant support in the freight rate market. Key highlights from the analysis include: • While freigh…