S. Korea, which is one the leading importers of crude oil, has increased its demand during 2023. In a recent report, shipbroker Banchero Costa said that “2023 so far has been another positive period for crude oil trade, despite the high oil prices and …
S. Korea Crude Oil Imports Rose in 2023 Read More »
Seaborne crude oil exports from the UAE have grown significantly over the course of 2023. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade, despite the high oil prices and risks…
Tankers: UAE Crude Oil Exports Up By 15.3% Read More »
Activity in the S&P market was below 2022 levels, during the past year. In its latest weekly report, shipbroker Xclusiv said that “a total of 1,256 sales had taken place in the dry and tanker markets as of December 20th, representing a nearly 10% d…
Ship Sales Fall in 2023 Read More »
Protection and Indemnity (P&I) insurance is a cornerstone of maritime commerce, safeguarding shipowners and operators against third-party liabilities. As we approach the 20th February 2024 renewals, it’s crucial to understand the latest indus…
The ship recycling market has been quite volatile throughout the year. In its latest weekly report, Best Oasia (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling market experienced significant volatility throughout the ye…
Ship Recycling Market Experiences Significant Volatility in 2023 Read More »