Ship owners have been rather active in the S&P market this year, but as we are closing down towards 2020, deals which are for ships to be delivered next year need to take into account the bunker factor. In its latest weekly report, shipbroker Inter…
IMO 2020 Having an Impact on S&P Deals as Well Read More »
The EU’s demand for palm-based biodiesel is expected to decrease in the long term due to the region’s ban on the use of palm oil in biofuels. The overall volume of biodiesel carried by chemical tankers grew at a CAGR of 7.9% during 2013-18 and is forec…
EU ban on palm-based biodiesel to negatively impact Europe-Asia vegoil trade Read More »
With freight rates firming up in most shipping markets, ship owners have been less inclined to sell their older and – let’s not forget, debt-free ships for recycling. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there…
“Healthy” Shipping Market Means “Unhealthy” Ships’ Recycling Market Read More »
For the first time since January 2016, the VV value of a resale VLCC has gone above $100m ($101.36m as of GMT 0936 1st Nov 2019). The last time we saw these levels was between May 2014 –and Oct 2015. Before this it was during the super cycle of 2007/20…
Resale VLCCs Break $100m for First Time in 3 Years Read More »
Demand in the S&P market was mainly focused around product tankers over the past week. In its latest weekly report, shipbroker Banchero Costa noted that it was “a fairly active week with a clear focus on the product tanker segment. As usual we star…
Product Tankers In Demand Read More »