Almost half of the world’s trading dry bulk fleet was built in China, while an additional 66.4% of the orderbook is currently under construction in China. Additionally, more than 60% of the tanker fleet was also built in China, which would create a maj…
US Sanctions on China-built Ships Would Be a Major “Headache” for the Maritime Industry Read More »
The dry bulk market has been recovering over the past few days. In its latest weekly report, shipbroker Xclusiv said that “dry bulk market freight rates are showing signs of improvement after a period of decline. The Baltic Exchange TC averages began t…
Dry Bulk Shipping: Is a Revival Underway? Read More »
The ship recycling market performance has remained muted over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “EUSRR has been evaluated in a recent European Commission report, highlig…
Ship Recycling Activity Still Muted Read More »
For small and medium-sized shipowners operating fleets of 4 to 12 vessels, running a successful shipping business today requires more than just managing daily operations. Freight market volatility, rising insurance costs, regulatory changes, and operat…
The newbuilding market activity has taken a slight pause over the course of the past week. In its latest weekly report, shipbroker Banchero Costa said that “a quiet week for newbuildings. Maersk contracted 12 x 15,000 teu from at least 3 different Chin…
Newbuilding Market Cools Down Read More »