Despite elevated ldt prices for ship scrapping, vintage tanker tonnage and more particularly VLCCs, have remained far from the scrapyards so far in 2021, adding to the supply side of a lackluster tanker market. In its latest weekly report, shipbroker G…
Just Five Older VLCCs Have Been Scrapped During 2021 Read More »
Capesize Both the overall index and 5 time charter (5TC) average climbed back to positive territory at the end of the week after a mid-week decline. BCI closed the week at 6162, which is slightly higher than the Monday opening at 6114. The 5TC recorded…
Dry Bulk Market: Capesizes Ends the Week on a High Read More »
The recent incident to “mega” container vessel, Ever Given in the Suez Canal highlighted the impact one break in the supply chain can mean to global trade. The Ever Given’s 20,388 TEU (20-foot equivalent unit) capacity and cargo remai…
Sailing Stormy Waters: Mega Containerships Read More »
A constantly evolving and complex regulatory framework is adding to every ship owner’s cost expenses, with the situation becoming more difficult as the industry is moving towards decarbonization. In its latest weekly report, shipbroker Gibson said that…
Regulations Adding to Shipowners’ Costs Read More »
Capesize Both the BCI and time charter average climbed to the highest point of the year this week. Despite there being a few instances of breaching 5000 points in the last decade, the same level in the high 5000s on BCI was last seen only in early Dece…
Dry Bulk Market: Capesizes Reach New Highs Read More »