The slump of newbuilding orders during the first quarter of 2019 is expected to hold firm in the months to come, with a few exceptions, like for instance LNG carriers and possibly product tankers as well, on the back of improving market conditions. In …
Shipbrokers Expect More Newbuilding Orders in the Product Tanker Segment Read More »
BIMCO will open an office in Athens in the early summer of 2019. The objective is to have a stronger and closer dialogue with BIMCO’s Greek membership and to recruit more Greek members. The Greek shipowners are already the biggest group of BIMCO member…
BIMCO to open Athens office Read More »
Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned today that avoiding overcapacity and unsustainably low freight rates is still a major challenge ten years after the massive downturn of …
Oversupply Still Major Challenge Warns ICS Read More »
Has it been a good year for shipping? Shipping has faced another challenging year as excess yard capacity and the resulting surplus of ships has continued to weigh on spot and term market rates. However, green shoots are appearing, and several long ter…
Listed Shipping Companies Invest In New Ships Read More »
After a dismal 2018, tanker owners could harbor further hope for a freight rate market revival, as China’s thirst for crude oil imports is stronger than ever. In its latest weekly report, shipbroker Banchero Costa said that “as recorded at the en…
Strong Chinese Oil Imports Could Offer Boost to the Tanker Market Read More »