The tanker market is again turning its focus over to Iran, after a turbulent week with the developments in Venezuela. In its latest weekly report, shipbroker Gibson said that “following two weeks of unrest, the oil market is again focused on Iran after…
Tankers: After Venezuela, It’s Now Iran’s Turn to Upend the Market Read More »
The tanker market faced a downward correction during the month of December, OPEC said in its latest monthly report. Dirty tanker spot freight rates dipped in December following the strong gains seen in recent months. VLCC spot freight rates experienced…
Tanker Market Dipped in December Read More »
The tanker market could be thrust forward by the potential scrapping of some 350 tankers, which are estimated to form a main part of the sanctioned Venezuelan trade. In its latest weekly report, shipbroker Xclusiv said that “the first weeks of 2026 hav…
Tanker Market: Will a “Grey” Fleet of 350 Ships Be Decommissioned? Read More »
The ship recycling market had a modest week overall. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that in India “the market softened drastically by the end of the week, as sentiment turned sharply wea…
Ship Demolition Market Softened Last Week Read More »
A raft of new deals were reported as 2026 is now underway. In the newbuilding market, shipbroker Banchero Costa said in its latest weekly report that “in the bulk sector, Nantong Xiangyu secured an order from Swiss company Mercuria Energy Trading for 2…
New Year, New Deals in the Newbuilding and S&P Markets Read More »