After years of minimal ordering, tanker newbuilding contracting seems to be back on the agenda for many ship owners. At least this has been the case over the course of the past few months. In its latest weekly report, shipbroker Allied Shipbroking said…
Tanker Newbuilding Orders Keep Rising Read More »
The ship recycling market is still lacking in activity, despite the fact that demand for ships is there. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the current position of the ship recycling …
Demand for Ship Scrapping Increases, But Supply is Lacking Read More »
The product tanker market has had the biggest shift since the start of the Red Sea crisis. In its latest weekly report, shipbroker Intermodal said that “Houthi attacks on Red Sea have significantly disrupted the global oil markets, elevating security c…
EU’s Rise in Product Oil Imports from the US is Shifting Tanker Market Trade Flows Read More »
The impact of the Red Sea crisis on tanker freight rates hasn’t been that great, apart from a few key routes and ship types, but that could soon change. The longer the Red Sea crisis continues, the bigger the impact is expected to be in the tanker mark…
Tankers: Red Sea Crisis Impact Not That Significant Yet Read More »
The rise in dry bulk freight rates during January was far from normal. The current slowdown though, is typical for this time of year. In its latest weekly report, shipbroker Allied Shipbroking said that “the dry bulk market has begun 2024 on a strong f…
Dry Bulk Market Weakening is a Seasonal Normal After Recent Rally Read More »