Sanctions on Russian oil have triggered major moves in the tanker market, with Russia and its allies proceeding with mass acquisitions of older tanker tonnage, which has started to reflect in the S&P market. In its latest weekly report, shipbroker …
Tankers Changing Hands Left, Right and Center Read More »
Fitch Ratings has revised its outlook for shipping to deteriorating from neutral, reflecting the challenges facing Container Shipping. We forecast that Tankers and Dry Bulk will remain stable, with the former the most likely to perform well. The easing…
Fitch Ratings: Global Shipping Outlook Worsens on Lower Container Freight Rates Read More »
From mid-2020, global container export volumes saw strong growth, and combined with increasing port congestion it caused supply chain challenges and historically high liner operator financial results which have been the norm since. In September 2022, h…
Global container volumes fall 9.3% y/y as historic growth cycle ends Read More »
The ship recycling market seems to be rudderless as we head into the end of the year, with few and far apart deals taking place. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as we enter the season of Advent, it is encouragi…
Ship Recycling: Bleak end of the Year Ahead Read More »
The Union of Greek Shipowners (UGS) acknowledges the positive elements of the outcome of the negotiations between the European institutions regarding the inclusion of shipping in the European Union Emissions Trading System (EU ETS). The agreement refle…