Over the past six years a number of high-profile, chemical-contamination cases relating to marine fuel have been witnessed. Hundreds of vessels have experienced costly engine damages during these events, for example, Houston (2018 and 2023), Europe (20…
Things have remained unchanged in the ship recycling market. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling market remained relatively quiet this week, with activity slowing dow…
Ship Recycling Market Remains Quiet Read More »
Escalation of U.S.-China Trade Tensions: Implications for Dry Bulk Freight On April 4th, China announced a 34% tariff on all U.S. imports, a retaliatory response to recent U.S. protectionist trade measures, effective April 10th. This escalation in the …
Dry Weekly Market Monitor: US Dry Bulk Flows (Grain Vs Coal) Read More »
“During the first quarter of 2025, Russian oil exports have fallen 6% year-on-year. Clean tanker exports were down 13% while dirty tanker exports fell 4%. Despite the fall, it appears that exports have mostly been unaffected by the recent sanctions,” s…
Russian seaborne oil exports fall 6%, but remain largely unaffected by new sanctions Read More »
China has been losing newbuilding market share to S. Korea, as a result of the uncertainty over the USTR policy. However, this has been occurring in a period when capacity had been increasing in China instead of S. Korea. In its latest weekly report, s…
Newbuilding Orders Shifting From China to S. Korea Read More »