Shell linked to term deals for three Norden tanker newbuildings
Brokers say vessels due in 2028 have been fixed out for three years
Shell linked to term deals for three Norden tanker newbuildings Read More »
Ship Recycling Markets Maintain Their Resilience
The ship recycling markets were stable over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian recycling market remained broadly similar to last week, with little change in …
Ship Recycling Markets Maintain Their Resilience Read More »
Suez Canal container ship transits exceed 50% of pre-disruption levels
“During the first two weeks of October, weekly container ship capacity transiting the Suez Canal averaged 753k TEU, according to Clarksons Research, compared with 1,457k TEU during the same period in 2023. Since the Houthi attacks began in the Re…
Suez Canal container ship transits exceed 50% of pre-disruption levels Read More »
Black Sea Steel Flows Weaken as Shipping Risks Rise
Recorded Black Sea steel loadings declined sharply in Q3 2026. Volumes, including scrap, fell 65.6% y/y to 0.65 Mt across 51 voyages, compared with 129 in Q3 2025. The year-on-year decline deepened through the quarter: July −28.0%, August −80.6%, and S…
Black Sea Steel Flows Weaken as Shipping Risks Rise Read More »
Brokers report huge price for 22-year-old VLCC storing oil off Singapore
Former Cosco tanker Southern Emperor is said to have fetched $110m
Brokers report huge price for 22-year-old VLCC storing oil off Singapore Read More »