Following the surge in VLAC ordering during 2023-24, the trend seems to be shifting to the relatively small MGCs, as 20 orders were placed in 1H24. With the rising interest of shipowners, we believe 2024 will be a historic high for MGC orders. As per D…
MGCs retain their status as ‘true workhorses’ due to high yields and increased orders Read More »
The shipping industry is in the throes of significant change, driven by global events, supply chain disruptions, and an evolving market dynamic. In the midst of this transformation, Chinese and Japanese leasing companies have emerged as major players i…
Reshaping the ship finance landscape Read More »
Capesize This week began on a positive note, with the BCI 5TC increasing significantly by $2,881 to reach $31,438. Early in the week, the Pacific market saw significant activity, with increased participation from all of the miners and rising rates. How…
Dry Bulk Market: Capesize Market Ends Week in Correcting Mode Read More »
New nuclear technologies are increasingly being considered and developed for shipping as defence and civil offshore applications underpin the case for their adoption. In its most recent expert-led assessment of nuclear solutions in the Zero-Carbon Fuel…
Skyrocketing freight rates in the product tanker market, especially in the LR segment, are luring some charterers to use VLCCs for the CPP trade after tank cleaning. As most LRs carrying Middle Eastern diesel to Europe are passing through the Cape of G…
VLCCs might play spoilsport in the LR market Read More »