Gloomy prospects with increasing risks’ – a headline in UNCTAD’s latest Review of Maritime Transport (RMT) casts the die on shipping’s sombre outlook. Any recovery in maritime transportation and logistics is now “at risk” from the war in Ukraine, the c…
‘Gloomy prospects’, ‘losing steam’ – UNCTAD summarises shipping’s outlook Read More »
The tanker market is experiencing some of its best days of the past couple of decades, as ton-mile trading has grown considerably. In its latest weekly report, shipbroker Allied Shipbroking said that “oil markets look to be in complete disarray this we…
Tanker Rates at 20-year Highs as Ton-Mile Demand Grows Read More »
Japan In terms of fleet value, Japan has moved back up to 1st after falling to 2nd last year, currently owning a total of USD 196.6 bn in assets. This is an increase of c. USD 9 bn year on year and is largely due to the current boom in the LNG sector. …
Greece Retains Third Spot Among the Top 10 Shipowning Nations Pre Fleet Value Read More »
The export tariffs were implemented in May to boost domestic supplies of iron ore and combat inflation. By May, domestic and global steel prices had already started to fall due to the energy crisis and worsening global economic conditions. The governme…
Demolition prices slip to USD 525 per LDT in India despite policy change Read More »
With the year coming to an end, analysts are anticipating an elevated number of newbuilding orders, as owners will look to conclude more deals. In its latest weekly report, shipbroker Allied Shipbroking said that “the volume of newbuilding orders appea…
More Newbuilding Orders Could be on the Way Read More »