Over the past few months, scrapping activity has remained in the low end of things, as owners prefer to trade older ships, instead of scrapping them. In a recent weekly report, shipbroker Xclusiv said that “scrap activity remains subdued in 2024 mainly…
Weakness is the Norm for Scrapping Activity Read More »
Prices for second hand bulk carriers have been rising, reflecting the overall positive trend in the dry bulk market. In its latest weekly report, shipbroker Intermodal said that “the dry bulk market has seen a rise in secondhand asset values this year….
Dry Bulk Carriers Becoming More Expensive Read More »
S. Korean shipyards are faced with labor shortages in August, with unknown consequences. In its latest weekly report, shipbroker Xclusiv said that “South Korea’s shipbuilding industry is facing disruption as unions at major shipyards, including H…
S. Korean Shipyards: Labor Disruptions Ahead Read More »
A lack of vintage tonnage has kept on plaguing the ship recycling industry. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the ship recycling industry continues to struggle across all four major …
Ship Recycling: “No Tonnage, No Demand, No Party” Read More »
Asian shipyards have kept on filling up their orderbooks with more contracting activity being reported. In its latest weekly report, shipbroker Banchero Costa said that “the new building market remains vibrant, spanning multiple segments and showcasing…
Newbuilding Orders Keep “Flooding” Asian Shipyards Read More »