As various governments around the world are gradually shaping their stimulus and policies to jolt their economy, the shipping industry is eagerly waiting for them to take effect and translate into a growth in global trade. In its latest weekly report, …
Global Economy’s Rebound Will Determine Shipping’s Turnaournd as Well Read More »
Ship owners are refraining from aggravating the existing balance between demand and supply, already not in their favor in many ships classes. This translates to a lull in newbuilding activity, a trend also noticed during the 2009-2010 crisis. In its la…
Minimal Activity Becomes the Norm in the Shipbuilding Market Read More »
A ray of light could be emanating from the Southeast Asian peninsula over the past week, despite the recent extension of lockdown measures. In its latest weekly report, shipbroker Clarkson Platou Hellas noted that “the week has once again ended with lo…
Ship Recycling Industry Should Restart in the Next Few Days Read More »
The outlook is poor for dry bulk, as the negative demand shock and overcapacity come together to send rates to multi-year lows, even a return to work in China is not enough to support the market. Demand drivers and freight rates The dry bulk shipping m…
Dry Bulk Shipping: No Quick Recovery For The Dry Bulk Market As Covid-19 Digs Deeper Read More »
Shipbrokers and market delegates are debating as to whether the current dry bulk market’s demise is an aftermath of the pandemic, or if more structural damage has been done, which could the market remain depressed for many more months. In its latest we…
Dry Bulk Market: Is a V-Shaped or a U-Shaped Recovery Underway? Read More »