The tanker market showed improved performance during the month of September, according to OPEC’s latest monthly report. Dirty spot freight rates for VLCCs and Suezmax witnessed an improved performance in September, while Aframax rates moved lower. VLCC…
Tanker Market Improved in September Read More »
A rise in global newbuilding ordering activity is expected to shift market dynamics in the future. In its latest weekly report, shipbroker Xclusiv said that “the global shipbuilding industry has witnessed a significant rebound in the past two years, pr…
Future Ship Supply Rising as Global Orderbook is Growing Read More »
The shipbroker recycling market showed a slightly downward trend last week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week in the ship recycling industry, India saw a downward trend in t…
Ship Recycling Market Lower Last Week Read More »
Demand for second hand ships, most notably bulkers, continued throughout the past week. In its latest weekly report, shipbroker Banchero Costa said that “during the week the Nord Virgo 82,000 dwt built 2014 JMU (SS due 2029 ME Scrubber fitted) was sold…
Strong Momentum in the S&P Market Continues Read More »
The ever ending tensions and crisis escalation in the Middle East, has the potential to create a new market structure for tankers, depending on the outcome. In its latest weekly report, shipbroker Intermodal said that “tensions between Israel and Iran …
Tanker Market and the Middle East: Upside Risk Could Come into Play Read More »