The outlook for the container shipping market in 2018 and 2019 is a combination of healthy demand growth that will outpace the fleet; resulting in a better supply-demand balance and slightly higher freight rates and profits for carriers, according to t…
Slow and steady recovery for container shipping Read More »
In the oil tanker market, 2016 and most of 2017 were characterised by deliveries far outpacing scrapping, with an average of 12.5 dwt of oil tanker tonnage delivered in 2016 and 1H 2017 for every one dwt of tonnage demolished. However, this trend began…
Weighing In On Oil Tanker Recycling And Deliveries Read More »
International shipping is bound for significant changes in the way it operates in the coming years. With the upcoming IMO MEPC, there’s a flurry of activity going on. Hereby, Hellenic Shipping News offers you the key studies IMarEST has submitted…
The tanker markets have been seeing elevated levels of removals as weak earnings continue to push returns at or below opex levels in many markets. The number of ships that are on the water and equal to their scrap value only has increased. This is no g…
Demolition of Tankers Reaches Multi-Year Highs, as More Bulkers Remain in Service Read More »
Shipping confidence reached a four-year high in the three months to end-February 2018, according to our latest Shipping Confidence Survey. The average confidence level expressed by respondents was up from 6.2 out of 10.0 in November 2017 to 6.4 this ti…
Four-year high in shipping confidence levels Read More »