Heated secondhand MR tanker market favours young tonnage
But the upside in asset values for older tonnage cannot be ruled out due to strong prospects for earnings
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Newbuilding Activity Rising, as Ship Owners Are Looking for More Dry Bulk Tonnage
Newbuilding activity seems to have picked up lately, despite contrasting reports from shipbrokers. However, what they all seem to agree to, is that ship owners are actively looking to acquire more secondhand dry bulk tonnage. In its latest weekly repor…
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US Seaborne Crude Oil Exports Hit Record High For Fifth Month In A Row
Exports rose in January on the back of increased sales to Europe, which rose from 2.7 million tonnes in December to 4.8 million tonnes in January. A strong end to 2018 meant that volumes for the full year totalled 87.4 million tonnes, 96.7% higher than…
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Capesize values under pressure
VesselsValue data suggests the value of a generic fixed age 15 year old Capesize Bulker has fallen 20% from 1st November 2018 to USD 12.2 million today. By contrast, other valuers are quoting figures or estimated ranges 15-30% higher. Company Director …
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Harvey Gulf PSV Receives Hybrid Retrofit
Harvey Energy, the first platform supply vessel (PSV) to be fueled by liquefied natural gas (LNG) will become the first PSV in the Americas to be hybrid retrofitted. The vessel’s owner, Louisiana-based Harvey Gulf International Marine, has ordered…
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